Inspire Brands says to buy Dunkin' Brands donut company for US$8.8b

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[NEW YORK] Restaurant company Inspire Brands announced ON Friday it was buying Dunkin' Brands, owner of the Dunkin' donut and Baskin-Robbins ice cream chains, for US$8.8 billion. Read more at The Business Times.

The two brands account for more than 20,000 distribution points in more than 60 countries.

They have suffered somewhat from the pandemic and the resulting temporary or permanent closures of stores, with turnover of their parent company having fallen by six per cent in total over the first nine months of the year. A former subsidiary of the Allied Domecq group, Dunkin' Brands was bought by the French wine and spirits group Pernod Ricard in 2005 and sold a year later for US$2.4 billion to three investment funds: Bain Capital, Carlyle and Thomas H. Lee.

By adding Dunkin', Inspire Brands will have a total of more than 31,600 restaurants, with combined sales of $26 billion and 600,000 employees.Under the terms of the deal, Inspire Brands will pay US$106.50 per Dunkin' share in cash.AFPFor daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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