admin The Dunkin’ chain was a brand established in the year 1950 in the United States in Massachusetts. Particularly, it is known for its breakfast, coffee and a variety of donuts that it offers.
On Friday evening, the restaurant company Inspire Brands announced that it will be buying the entire Dunkin’ brands under which come Dunkin’ Donuts and Baskin Robbins (Ice-cream chain) for a total amount of roughly $8.8 billion. Although, there are certain debts involved which would take the sum total to $11.3 billion, the brand clarified in a statement.
Inspire Brands is already very popular and owns very well-known names like Jimmy John’s restaurant chains, Buffalo Wild Wings and Sonic Drive-in to name a few.
Baskin Robins is amongst the most popular ice cream chains in the world and is known all around for the 31 flavours of ice cream that it has to offer, it was established in the year 1945 in the U.S state of California.
These two massive brands together account for at least 20,000 distribution points spread across more than 60 countries. Due to the global health pandemic, these two brands have suffered immensely. Stores all around the globe have had to be shut down both on a temporary as well as a permanent basis and the turnover of their parent company has fallen by almost 6 percent in the first nine months of this year.
By adding the Dunkin’ brands into its ambit, the Inspire Brands will now have 31,600 restaurants criss-crossing the globe alongside a sale of more than $26 billion and 600,000 employees. It will give a major boost to this restaurant company over the years.
Inspire Brands was created in the year 2018 under the guise of the private equity firm Roark Capital. The terms of the entire deal have been finalised and in accordance with those terms. Inspire Brands has to pay $106.5 for every share in cash.
This huge transaction is still underway as of now and there are certain conditions waiting to be fulfilled. In all probability this deal should be sealed by the end of this very year.
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