Three American private equity firms have agreed to purchase Dunkin’ Donuts and its sister Baskin-Robbins ice cream and Togo sandwich chains for $2.43 billion. French wine and spirits maker Pernod Richard SA announced that Thomas H. Lee Partners, Bain Capital and the Carlyle Group were the winning bidders for parent company Dunkin’ Brands in an auction concluded earlier this month. The French company expected the sale to be completed early next year, less than a year after acquiring Dunkin’ Brands as part of its purchase of Allied Domecq, the British beverage congolomorate. The sale of Dunkin’ Brands was expected as Pernod Richard has previously signaled its intentions to focus on its core wine and spirits businesses.
Dunkin’ Donuts rang up $3.4 billion in sales last year, a 13 percent increase over the previous year. With it’s sales making up over two-thirds of Dunkin’ Brands’ revenue of $4.8 billion, Dunkin Donuts was widely considered to be the “crown jewel” of company. The new owners are planning rapid growth for the coffee and donuts chain in order to compete with the coffee-giant Starbucks Corp.
With extensive experience in the food service industry, the three buyout companies will each be equal investors in the company. According to a joint statement from Bain, Carlyle and Lee, the three firms intend to keep the current management in place, including Dunkin’ Brands Chief Excecutive Officer Jon L. Luther. Dunkin’ Brands Chief Executive Jon Luther joined the company three years ago from Popeye’s Chicken & Biscuits, and is widely credited with boosting sales at the Dunkin’ Donuts chain with a broader food menu and new espresso-based drinks.
“This transaction provides for the future of Dunkin?｢どｨび｢ Brands, its franchisees, restaurant employees and customers,” said Dunkin?｢どｨび｢ Brands CEO Jon L. Luther. “With our new owners ready to support us in our growth efforts, a strong management team on board and continued excellent franchisee relationships, Dunkin?｢どｨび｢ Brands is well-positioned for global expansion. We have high and growing market shares, innovative products in our restaurants and under development, and we operate in a market filled with growth opportunities. We are thrilled to have such experienced partners help us to leverage what Dunkin?｢どｨび｢ Brands has put into place.”
Written by James Chen. Read more from him at: www.jameschen.blogspot.com
Source: Dunkin’ Brands Press Release and AP
Sir,
I am the Sales Manager for Metropolitan COnstruction Services LLC. We would like to be an approved construction contractor for your company. We have offices in Lombard, IL, two in Florida & one in Charlotte, NC. We have been in business in excess of twenty years with last years sales over $22 million. We do interior/exterior renovations. We have heard that you are going to upgrade many of your stores & we would like to be your contractor for this work. Can someone from your company send us the required paperwork for the approval process?
Thank you,
Tom Cruse
Sales Manager
Metropolitan Construction Services LLC
200 W. 22nd Street, Suite 250
Lombard, IL. 60148
630-691-7200 ex 24
I love the Dunkin Donuts stores in NEPA, especially the ones in Mountaintop, PA and in Scranton. I always receive a delicious hot cup of coffee served with a smile and warm greeting. Sunita, Beth, and RAJ at Mountaintop are excellent…very friendly and good with people. For more information about my “RAVE” on my website visit, www.haroldays.com. Thank You!
Harold Cameron
Chief of Helping People & President
Haroldsays.com
Phone (570) 719-1175
Electrical Dynamics Inc of North Reading Mass is an electrical Service contractor, UL listed Fire Alarm Installer and Telecommunications contractor. We would love to be on your bid list for upcoming projects. Also We would like the opportunity to service your existing buildings in times of need….