Dunkin' Brands

Dunkin' Brands Group, Inc. is an American restaurant holding company which runs two chains of fast-food restaurants: Dunkin' and Baskin-Robbins. It is headquartered in Canton, Massachusetts.[3]

Dunkin' Brands Group, Inc.
Public
Traded asNASDAQ: DNKN
S&P 400 Component
IndustryFast food restaurants
Founded2004
Headquarters130 Royall Street,[1] Canton, Massachusetts, United States
Area served
Worldwide
Key people
Nigel Travis
(Executive Chairman)
David Hoffmann
(CEO)
Revenue US$860.5 million (2017)[2]
US$447 million (2017)[2]
US$195.576 million (2016)[2]
Total assets US$3.227 billion (2016)[2]
Total equity US$-163.258 million (2016)[2]
Number of employees
1,163 (2016)[2]
SubsidiariesDunkin'
Baskin-Robbins
Mister Donut
WebsiteDunkin' Brands
Dunkin' Brands headquarters
Welcome sign at Dunkin' Brands headquarters

History

Early history

In 1973, British food company J. Lyons and Co. purchased Baskin-Robbins from United Brands. J. Lyons and Co. then merged with Allied Breweries, becoming Allied-Lyons in 1978.

1990s

In 1990, Allied-Lyons acquired Dunkin' Donuts and Mister Donut. In 1994, Allied-Lyons merged with Pedro Domecq S.A., becoming Allied Domecq. The restaurant operations were merged under a subsidiary named Allied Domecq Quick Service Restaurants. In 1997, Togo's was acquired by Allied Domecq.[4]

2000s

In 2004, Allied Domecq Quick Service Restaurants was renamed Dunkin' Brands, Inc..

On December 12, 2005, Pernod Ricard, which had just taken control of Allied Domecq, announced the sale of Dunkin' Brands to a consortium of private equity firms consisting of Bain Capital, The Carlyle Group and Thomas H. Lee Partners for $2.425 billion in cash.[5] Dunkin' Brands, Inc. was renamed Dunkin' Brands Group, Inc. after the transaction.

On November 30, 2007, Dunkin' Brands sold Togo's to Mainsail Partners, a San Francisco-based private equity firm, in partnership with Tony Gioia, a former president of Baskin-Robbins.[6][7]

2010s

In July 2011, Dunkin' Brands completed its initial public offering and became listed on the NASDAQ Global Select Market (NASDAQ-GS large cap) under the symbol "DNKN".

In August 2012, Dunkin' Brands became completely independent of the private equity firms.[8]

In October 2017, Dunkin' Brands announced the company would be investing $100 million in United States locations of Dunkin’ Donuts’. The company also said they are considering a name change to the shortened Dunkin'. The name change is being tested in a California location and a new store in Quincy, Massachusetts.[9]

Subsidiaries

References
  1. "Contacts - Dunkin' Brands". www.dunkinbrands.com. Retrieved 3 April 2018.
  2. "filing". Dunkin´ Brands Group Inc.
  3. "Contact Us." Baskin-Robbins. Retrieved on January 14, 2010.
  4. PLC, Allied Domecq. "Allied Domecq to Acquire Togo's Eateries; Compliments Baskin-Robbins and Dunkin' Donuts Brands". www.prnewswire.com. Retrieved 3 April 2018.
  5. "Dunkin' Brands to Work with New Private Equity Owners to Continue Aggressive Growth Plans - Thomas H. Lee Partners". www.thl.com. Retrieved 3 April 2018.
  6. Services, From Times Wire (4 December 2007). "Dunkin' Brands sells Togo's chain". Retrieved 3 April 2018 – via LA Times.
  7. Inc., Dunkin' Brands. "Dunkin' Brands to Divest Togo's". www.prnewswire.com. Retrieved 3 April 2018.
  8. "As Private Equity Cashes Out, What's Next for DNKN?". Retrieved 16 January 2013.
  9. Goodison, Donna (2017-10-27). "Dunkin' Donuts sweetens Brand". Boston Herald. Retrieved 2017-10-27.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.