Dunkin Donut - Choco Java Coffee
Dunkin' Donuts LLC,[1] also known as Dunkin',[n 1] is an American multinational coffeeand doughnut company, as well as a quick service restaurant. It was founded by William Rosenberg in Quincy, Massachusetts, in 1950. The chain was acquired by Baskin-Robbins's holding company Allied Lyons in 1990; its acquisition of the Mister Donut chain and the conversion of that chain to Dunkin' Donuts facilitated the brand's growth in North America that year.[5] Dunkin' and Baskin-Robbins eventually became subsidiaries of Dunkin' Brands, headquartered in Canton, Massachusetts, in 2004, until being purchased by Inspire Brands on December 15, 2020. The chain began rebranding as a "beverage-led company", and was renamed Dunkin', in January 2019; while stores in the U.S. began using the new name, the rebranding will eventually be rolled out to all of its international stores.
William Rosenberg opened Open Kettle in 1948, a restaurant selling donuts and coffee in Quincy, Massachusetts, but he changed the name in 1950 to Dunkin' Donuts after discussing with company executives.[11][12] He conceived the idea for the restaurant after his experiences selling food in factories and at construction sites, where donuts and coffee were the two most popular items. The restaurant was successful, and Rosenberg sold franchises to others starting in 1955.[13]
In 1963, Rosenberg's son Robert became CEO of the company at age 25, and Dunkin' Donuts opened its hundredth location that year. Dunkin' Donuts was a subsidiary of Universal Food Systems at the time, a conglomerate of 10 small food-service businesses,[14] and Dunkin' Donuts locations varied greatly in their menu options, with some selling full breakfasts and others serving only donuts and coffee.
In the following years, the other businesses in the Universal Food Systems portfolio were sold or closed, and the company was renamed to Dunkin' Donuts. The menu and shop format was standardized, and various new menu items were introduced. In the early 1980s counter service and ceramic coffee cups were replaced by self-service counters and paper cups.[15] The chain went public in 1968[16] and was acquired by Baskin-Robbins owner Allied Lyons in 1990.[17]By 1998, the brand had grown to 2,500 locations worldwide with $2 billion in annual sales.[citation needed]
Dunkin' Donuts expanded in the 1990s by buying out two rival chains: Mister Donut and Dawn Donuts.[18]
2004–present: Success years in management
In 2004, the company's headquarters were relocated to Canton, Massachusetts. In December 2005, Dunkin' Donuts and Baskin-Robbins (by then operating under the name Dunkin' Brands) were sold to a private equity consortium of Bain Capital, Carlyle Group, and Thomas H. Lee Partners for $2.4 billion.[19] By 2010, Dunkin' Donuts' global sales were $6 billion.[20]
In October 2020, Dunkin' Brands stated that the company was in conversation with Inspire Brands, a private equity-backed company, negotiating to sell the company.[37] Inspire Brands announced on Saturday, October 31, 2020, that they would be acquiring Dunkin' Brands Group for $11.3 billion, which would include Dunkin' Brands' debt that Inspire Brands would be taking on. Inspire would pay $106.50 in cash for all of Dunkin' Brands' shares.[38] On December 15, 2020, the acquisition was completed, and Dunkin' Brands ceased to exist as a separate company, with Dunkin', Baskin-Robbins, and the trademark management of Mister Donuts, becoming part of Inspire Brands.[39]
#dunkindonuts #coffee #starbucks
Notable endorsers
Yoon Shi-yoon
Charli D'Amelio
Joey de Leon (2004-2010)
Derek Ramsay[108] (2013–present)
Jennylyn Mercado (2015-2016)
Piolo Pascual[108]
Dingdong Dantes[108] (2019–present)
David Ortiz[109]
Rob Gronkowski[110]
Meghan Duggan[111]
SB19 (2021–present)
from wikipedia.
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