Restaurant company Inspire Brands announced Friday it was buying Dunkin’ Brands, owner of the Dunkin’ donut and Baskin-Robbins ice cream chains, for $8.8 billion. A former subsidiary of the Allied Domecq group, Dunkin’ Brands was bought by the French wine and spirits group Pernod Ricard in 2005 and sold a year later for $2.4 billion to three investment funds; Bain Capital, Carlyle and Thomas H Lee. By adding Dunkin’, Inspire Brands will have a total of more than 31,600 restaurants, with combined sales of $26 billion and 600,000 employees. Inspire Brands was founded in 2018 under the umbrella of private equity firm Roark Capital. Under the terms of the deal, Inspire Brands will pay $106.50 per Dunkin’ share in cash.

Source: The Express Tribune October 31, 2020 02:03 UTC