Dunkin' Brands


Dunkin' Brands Group, Inc. is an American restaurant holding company which runs two chains of fast-food restaurants: Dunkin' and Baskin-Robbins. It is headquartered in Canton, Massachusetts.

History

Early history

In 1973, British food company J. Lyons and Co. purchased Baskin-Robbins from United Brands. J. Lyons and Co. then merged with Allied Breweries, becoming Allied-Lyons in 1978.

1990s

In 1990, Allied-Lyons acquired Dunkin' Donuts and Mister Donut. In 1994, Allied-Lyons merged with Pedro Domecq S.A., becoming Allied Domecq. The restaurant operations were merged under a subsidiary named Allied Domecq Quick Service Restaurants. In 1997, Togo's was acquired by Allied Domecq.

2000s

In 2004, Allied Domecq Quick Service Restaurants was renamed Dunkin' Brands, Inc..
On December 12, 2005, Pernod Ricard, which had just taken control of Allied Domecq, announced the sale of Dunkin' Brands to a consortium of private equity firms consisting of Bain Capital, The Carlyle Group and Thomas H. Lee Partners for $2.425 billion in cash. Dunkin' Brands, Inc. was renamed Dunkin' Brands Group, Inc. after the transaction.
On November 30, 2007, Dunkin' Brands sold Togo's to Mainsail Partners, a San Francisco-based private equity firm, in partnership with Tony Gioia, a former president of Baskin-Robbins.

2010s

In July 2011, Dunkin' Brands completed its initial public offering and became listed on the NASDAQ Global Select Market under the symbol "DNKN".
In August 2012, Dunkin' Brands became completely independent of the private equity firms.
In October 2017, Dunkin' Brands announced the company would be investing $100 million in United States locations of Dunkin’ Donuts’. The company also said they are considering a name change to the shortened Dunkin'. The name change is being tested in a California location and a new store in Quincy, Massachusetts.

2020s

On July 30, 2020 the organization announced it would permanently close 800 of its donut and coffee shops by the end of the year due to a sales slump caused by the coronavirus pandemic.

Subsidiaries