AFRICA'S NO.1 FOOD, BEVERAGE & MILLING INDUSTRY MAGAZINE

Fast-food chains Dunkin’ Donuts, Baskin-Robbins acquired by Inspire Brands

Nov 3, 2020Nov 4, 2020 Editor

US – Dunkin’ Donuts and Baskin-Robbins, two of America’s most popular fast-food restaurant chains will now become part of US restaurant group Inspire Brands. This is after Inspire Brands agreed to buy Dunkin’ Brands Group, which is the parent company of the two restaurant chains, in a deal worth approximately $11.3 billion. Following the acquisition which is an all-cash merger agreement, Inspire Brands will assume all of Dunkin’ Brands’ assets and liabilities. Inspire’s restaurant portfolio already includes major restaurant chains such as Arby’s, Buffalo Wild Wings, and Jimmy John’s, with…

Dunkin’ Brands appoints three vice presidents to its international team

Jan 30, 2020Jan 30, 2020 Editor

USA – Dunkin’ Brands, the parent company of Dunkin’ and Baskin-Robbins, has appointed three vice presidents to its international team. The quick service restaurants franchisor has promoted Rini Ernawati to Regional Vice President, Asia Pacific and Caner Gursoy to Regional Vice President, Europe, Middle East, Africa and Australia. Alongside consultancy and advisory experience with multiple startups in the fast-casual restaurant and e-commerce space, Rini Ernawati has more than 15 years of multinational experience as a finance and general management executive. Before joining Dunkin’ Brands, Ernawati was responsible for driving growth…

Grand Parade Investments reports growth in revenues amid divestment plans

Mar 19, 2019Mar 19, 2019 Editor

SOUTH AFRICA – Grand Parade Investments (GPI), South Africa’s franchise operator of Burger King posted 13% increase in total headline earnings from continuing operations to US$2.46 million in the in the six months to 31st December 2018. The group, which in February this year announced the closure of Dunkin’ Donuts and Baskin-Robbins operated outlets, also saw its revenue grow 28% during the interim period despite tough trading conditions. “The last year has been challenging for GPI and, in particular, its food businesses, which have been affected by tough economic conditions,” the…