World News – CA – Dunkin ‘Brands announces it is in talks to be acquired by Inspire – BNN Bloomberg

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A half-dozen box of donuts sits on the counter inside a Dunkin ‘location in Mount Washington, Kentucky, US, Thursday, Jan 30, 2020
, Luke Sharrett / Bloomberg

Dunkinâ ???? Brands Group, Inc, parent company of the Dunkinâ € ™ coffee and donut chain and Baskin-Robbins, said it was in talks to be acquired by private equity-backed Inspire Brands

The New York Times reported the talks earlier, saying Inspire will take Dunkina ???? private at $ 10650 per share, citing two people with knowledge of the negotiations who have not been identified The deal – worth $ 8 billion – could be announced as early as Monday, the newspaper added. 20% premium over Friday’s closing price when the company had a market cap of US $ 7 billion

â ???? Dunkinâ ???? Brands confirms that it has held preliminary discussions for its acquisition by Inspire Brands, â € “ Karen Raskopf, a Dunkinâ ???? spokesperson, said in a statement, declining to provide further details and warning that there is no certainty that a deal will be reached

Dunkinâ actions ???? Brands have more than doubled since March thanks to investor optimism that its mobile ordering app and loyalty program have boosted sales during the pandemic The Canton, Massachusetts-based company has dropped the word « Donuts » of its name in 2018, signaling its expanded focus on beverages The stock traded at 34 times earnings, below the industry median multiple of 37, according to data compiled by Bloomberg News

The number of coffee shops in the US decreases for the first time in nine years as sales plummet and COVID-19 forces industry to rethink its operations Although this has helped Dunkinâ € ™ and other coffee service chains such as Starbucks Corp and even McDonald’s. s Corp is gaining ground to the detriment of independent outlets, it is not enough to make all its stores work

The US will have 25,307 outlets specializing in coffee or tea by the end of 2020, down 73% from a year earlier in the first decline since 2011, according to estimates by research firm Euromonitor International Annual sales are expected to drop 12% to US $ 247 billion

Dunkinâ ???? said in July that he expects to close around 800 US locations permanently this year as part of a real estate portfolio rationalization. Comparable store sales improved in July, Dunkina ???? said, but they stay in the « low single digits » for the stores of the two key brands at the time

Inspire Brands, owner of Buffalo Wild Wings and Jimmy John’s, is backed by Atlanta-based private equity firm Roark Capital In April, Roark invested US $ 200 million in Cheesecake Factory Inc

In 2005, Dunkinâ ???? Brands was sold by Pernod Ricard to a group of buyers including Bain Capital, the Carlyle group and Thomas H Lee Partners for US $ 2 4 billion It was made public during an IPO in 2011

Dunkin ‘Brands, Dunkin’, Arby’s, Baskin-Robbins, Stock

World News – CA – Dunkin ‘Brands announces it is in talks to be acquired by Inspire – BNN Bloomberg


SOURCE: https://www.w24news.com

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