Inspire owns 11,000 restaurants from Arby’s, Buffalo Wild Wings, Sonic and Jimmy Jones, and other restaurants.
Inspire, which will bear the debts of Dunkin in the deal, plans to acquire the outstanding shares of Dunkin at $ 106.50 a share. The share price was $ 99.71 at the market close on Friday.
Inspire CEO Paul Brown said in a statement announcing the deal late Friday that Duncan and Baskin-Robbins would be “complementary” to the “Inspire” portfolio, noting that through the two brands, Inspire would be able to reach To international clients and over 15 million loyalty program members, among others.
The purchase process will triple the “Inspire” footprint in the world of restaurants, and “Dunkin” includes more than 12,500 stores, while “Baskin Robbins” owns about 8,000 stores.
The CEO of Dunkin said in a statement that the deal “will deliver meaningful shareholder value” and that he expects it to drive growth for the franchisees.
Dunkin has focused in recent years on sales of its coffee. In 2018, it dropped the word “donuts” from its brand name, and has since invested in new espresso machines and coffee-making equipment. I also tested new breakfast items, including a vegetarian hot dog sandwich.
Before the pandemic, breakfast was one of the few growing sectors in the fast food business. But now, breakfast sales are declining due to the disruption of morning transportation, with many employees working from home due to the outbreak of the pandemic.
In the three months ending on June 27, sales at Dunkin ‘US open locations fell nearly 19%. However, sales are currently improving, with same store sales increasing 0.9% in the next 3 months.
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