Private equity-backed Inspire Brands will be buying Dunkin’ Donuts and bringing it private for a whopping US$11.3 billion, reported PYMNTS.
Paul Brown, co-founder and chief executive officer of Inspire Brands, said in a statement announcing the deal, that the acquisition would bring “two (Baskin Robbins comes as part of the Dunkin’ package) of the most iconic restaurant brands in the world” in the Inspire Portfolio — not to mention their international operations, licenses, and 15 million loyalty members.
Dunkin’ Brands CEO Dave Hoffmann noted the acquisition was a testament to the progress Dunkin’s had made and maintained during the global pandemic leaving the brand “stronger than ever.”
“We are excited to bring meaningful value to shareholders who have been with us on this journey and believe that Inspire Brands, a preeminent operator of franchised restaurant concepts, will continue to drive growth for our franchisees while remaining true to all that is unique and special about the Dunkin’ and Baskin-Robbins brands,” Hoffman noted in a statement.
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