Dunkin ‘Donuts out in Hell’s Kitchen on September 18, 2020, following restrictions imposed to slow the spread of the corona virus in New York City, as the city continues to reopen Phase 4.
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Dunkin ‘Donuts and Baskin Robbins chain owner Dunkin Brands Group is in preliminary talks to acquire private equity-backed restaurant company Inspire Brands, Dunkin said in a statement on Sunday.
“We are not sure if any agreement will be reached,” said Karen Raskop, chief communications officer for Dunkin Brands. Dunkin declined to comment further.
The New York Times reported that the deal, which is under discussion, will take Dunkin’s brands privately for $ 106.50 a share. When contacted by Reuters, Inspire Brands, the owner of Orbis and Jimmy Johns, declined to comment.
The New York Times reported that the announcement could be made public soon Monday.
Inspire’s portfolio includes more than 11,000 locations of Orbis, Buffalo Wild Wings, Sonic Drive-in, Rusty Taco and Jimmy John worldwide, according to the company’s website. Aspire Brands was formed in 2018 as a holding company by private equity firm Rorg Capital.