Dunkin' Sells for $11.3 billion including debt
Many continue to write that junk food is bad for health but few others are throwing billions of dollars into those companies. Yes, Dunkin's has joined the club, via a private equity buyout at $11.3 billion including debt.
The parent company of Dunkin' and Baskin-Robbins has sold itself to the private equity-backed firm that owns chains like Arby's and Buffalo Wild Wings for $11.3 billion, including debt. The deal is one of the industry's largest "in more than a decade." Inspire Brands formed just three years ago and has quickly built a portfolio of quick-service eateries that includes Sonic, Jimmy Johns and Arby's among them. Many commuter-reliant breakfast chains have been buffeted by the pandemic, and Dunkin' has revealed that it will close 800 stores by the end of the year.
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