Dunkin’ Brands Group, the guardian of Dunkin’ — previously Dunkin’ Donuts — and Baskin-Robbins, has acknowledged on its web site that it’s negotiating to be acquired by Inspire Brands, a non-public equity-backed firm whose different properties embrace Arby’s, Buffalo Wild Wings and Sonic, The New York Times reported.
“Dunkin’ Manufacturers Group, Inc., the guardian firm of two of the world’s most acknowledged manufacturers, Dunkin’ and Baskin-Robbins, confirms that it has held preliminary discussions to be acquired by Encourage Manufacturers,” the corporate stated in a statement. “There isn’t any certainty that any settlement can be reached. The corporate won’t remark additional until and till a transaction is agreed or discussions are terminated.”
In line with the Instances, Encourage Manufacturers refused to touch upon the discussions, however key elements would come with a worth of $106.50 per share. That worth, a 20 p.c premium over the corporate’s closing worth Friday, would worth the corporate at $8.8 billion.
In a July 30 earnings call, then-incoming Dunkin’ Chief Digital and Technique Officer Philip Auerbach stated the corporate was working to rev up its digital operation.
“Now we have scaled again our nationwide media spend and paused on launching new probably advanced limited-time affords,” he stated on the decision. “Now we have thoughtfully began to return to media with applicable messaging, thanking our first responders and our crew members via our raise-a-cup marketing campaign. You will see a rotating suite of content material on our social channels and more and more in conventional media as nicely.”
Dunkin’s potential sale follows contraction, together with the closing of some freestanding places.
In June, nevertheless, as authorities started to wind again some first-round COVID-19 restrictions, the corporate stated its shops would hire as many as 25,000 workers.
— to www.pymnts.com