Report: Dunkin’ Planning to Go Private, Join Inspire Brands
Big deals afoot in the world of coffee
The pandemic has caused many businesses to rework their business models, change store layouts and alter their menus. For some businesses that specialize in coffee, there’s been an increased focus on to-go food and drink and customers making use of apps to place orders. And for at least one big player in the world of coffee, an even bigger change might be on the way.
A new article at The New York Times by Lauren Hirsch reports that Dunkin’ Brands is exploring a sale — a maneuver which would also take the company private.
According to the Times, the deal would involve Dunkin’ Brands selling itself to Inspire Brands, the company which also owns the likes of Sonic and Buffalo Wild Wings. The price per share, should the deal go through, would be $106.50.
Via a statement, Dunkin’ Brands confirmed that it had held “preliminary discussions” about the acquisition. “There is no certainty that any agreement will be reached,” the statement continued. “Neither group will comment further unless and until a transaction is agreed.”
The article also notes that Dunkin’s sales were affected by the pandemic earlier this year, with sales falling 20% in the second quarter. Since then, business has picked back up. Hirsch’s article suggests that this move could result in Dunkin’ becoming even more of a rival to Starbucks in the months and years to come.
Thanks for reading InsideHook. Sign up for our daily newsletter and be in the know.
Suggested for you