Posted on 10/26/2020 8:35:36 AM PDT by Prolixus
Dunkin’ Brands, the parent company of the Dunkin’ and Baskin Robbins chains, has held "preliminary discussions to be acquired by Inspire Brands," FOX Business has confirmed.
Dunkin' Brands Chief Communications Officer Karen Raskopf noted that there is "no certainty that any agreement will be reached" and that neither group will comment further until a transaction is agreed upon.
A spokesperson for Inspire Brands declined to comment on rumors around potential acquisition targets.
The potential deal, valued at roughly $8.8 billion, would take Dunkin’ Brands private at a price of $106.50 per share, two people with knowledge of the negotiations told the New York Times, which first reported the news. The sources told the Times that the deal could be announced as early as Monday.
The transaction would add Dunkin’ Brands to Inspire Brands’ portfolio of restaurants including Arby’s, Buffalo Wild Wings, Sonic and Jimmy John’s. Inspire is backed by the private equity firm Roark Capital.
The potential deal comes after the company reported net income of $36.5 million in the second quarter, or 44 cents a share, down 23% compared to a year ago. Dunkin' said that revenue had dropped to $287.4 million despite U.S. same-store sales showing improvement throughout the quarter after reopening some of its previously shuttered locations. Dunkin' Brands is scheduled to release its third-quarter earnings results on Thursday.
The company said it plans to permanently close 800 of its stores in the U.S. this year as the coronavirus pandemic has slammed business.
Jimmy John’s is okay, but their ‘Free Smells’ signs are insulting.................
Hard for Dunkin to stay afloat when the Dems defund cops.
That said, they have great cofeve
Any questions on the impact of this Chinese Virus? If Dunkin is closing 800 stores, imagine the impact on “Mom&Pop” retail without deep pockets! Yet Biden and cohorts want to keep the closures going!
The donuts suck, are brutally expensive for what you get and the only thing I can stomach from them is their coffee. It still remains relatively consistent across stores. 3# of beans for $20? Perfect for work-from-home use.
Just my opinion(s).
As much as I liked Dunkin’s when I was a kid, they have become a “plastic” version of their old selves.
The original shops were neighborhood donut shops. You would drive by a 5 AM and see “the guys” going out to work, or coming off the night shift.
Now they are in gas stations next to the bathrooms.
Its too bad. But the “original” neighborhood coffee/donut shop is still in business. They get my money.
The Dunkin Donuts in my area is even busier than pre Chinese virus. At least the drive-through is a lot longer.
I was in business with a crazy guy in New York City right before 911 and all the guy would swear by was Dunkin’ Donuts coffee
Or RobbinSpire?
LOL!..................
They killed a lot of great ma and pa donut makers in my area, which isn't too far away from where Dunkin started.
The Dunkin Donuts in my area is even busier than pre Chinese virus. At least the drive-through is a lot longer.
The one closest to me (walking distance) doesn't have a drive-thru. They have some customers during their reduced opening times but I doubt they're breaking even.
Too much bread not enough meat
And not ‘freaky fast’ either.............
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