Dunkin Donuts Eyes Going Private in $11.3 billion deal
Time to Make the Donuts!
Dunkin Brands, the parent of Dunkin Donuts and Baskin Robins, has apparently sold both businesses to Inspire Brands, an arm of private-firm Roarke Capital that owns Arbys, Buffalo Wild Wings, and Sonic. Inspire will get Dunkin for $106.50—a 20 markup! This makes for a whopping $11.3 billion, which means the purchase is one of the biggest deals ever in the restaurant industry.
The ooronavirus pandemic has hit Dunkin hard, with sales across is 21k franchise stores down over 20%. However, the brand is expected to do well in the longterm. The company, which went public for the second time in 2011, may not be the last to go the private equity route.
By the way, they don't even make donuts on site anymore. False advertising!