As part of the deal, Inspire will acquire outstanding shares of Dunkin’ brands for $106.50 per share in cash. Inspire’s portfolio includes 11,000 Arby’s, Buffalo Wild Wings, SONIC Drive-In and Jimmy John’s restaurants across the globe. The company reports $15 billion in annual systemwide sales. The Dunkin portfolio boasts coffees, espresso beverages, baked goods and breakfast sandwiches. Baskin-Robbins is a leading ice cream specialty shops chain.
“Dunkin’ and Baskin-Robbins are category leaders with more than 70 years of rich heritage, and together they are two of the most iconic restaurant brands in the world,” says Paul Brown, co-founder and chief executive officer, Inspire Brands. “By joining Inspire, these
“Today’s announcement is a testament to our world-class group of franchisees, licensees, employees and suppliers who have worked together to transform Dunkin’ and Baskin-Robbins into modern, relevant brands,” says Dave Hoffmann, chief executive officer, Dunkin’ Brands. “This team’s grit and determination has enabled us to deliver outsized performance and made our brands among the most elite in the quick service industry. I am particularly proud of our actions since March of this year. During the global pandemic, we have stood tall. We’ve had each other’s backs and are now stronger than ever. We are excited to bring meaningful value to shareholders who have been with us on this journey and believe that Inspire Brands, a preeminent operator of franchised restaurant concepts, will continue to drive growth for our franchisees while remaining true to all that is unique and special about the Dunkin’ and Baskin-Robbins brands.”
The transaction is expected to close by the end of 2020.
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