Arby’s and Buffalo Wild Wings owner buying Dunkin’ Brands

Arby’s and Buffalo Wild Wings owner buying Dunkin’ Brands

Dunkin’, based in Canton, Massachusetts, also owns the Baskin-Robbins ice cream chain. There are 12,500 Dunkin’ stores and 8,000 Baskin-Robbins outlets worldwide.

Dunkin’ was founded in 1950 in Quincy, Massachusetts. Baskin-Robbins — known for its promise of 31 flavors — was founded in 1945 in Glendale, California.

Atlanta’s Inspire Brands, which was founded in 2018, is rapidly joining the largest restaurant groups in the U.S. In addition to Buffalo Wild Wings and Arby’s, it owns the Sonic burger chain, Jimmy John’s restaurants and Rusty Taco. It has annual sales of more than $14 billion.

Inspire is part of the private equity company Roark Capital Group, also based in Atlanta. Roark also backs Focus Brands — the owner of Auntie Anne’s Pretzels and Cinnabon — and CKE Restaurants, which owns the Carl’s Jr. and Hardee’s burger chains.

The deal will give Inspire a spot in the breakfast category, which was the fastest-growing segment of the restaurant industry before the pandemic hit.

The acquisition comes as the global pandemic has hammered restaurants’ sales. Dunkin’ Brands’s systemwide sales fell 1.3% in the third quarter after tumbling 21% in the second quarter and the company said franchisees closed 553 restaurants permanently.

Inspire said it expects the deal to close by the end of the year.

Copyright 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

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