New franchisee to further develop both brands across Panama over the coming years
Dunkin’ Brands, the parent company of Dunkin’ Donuts and Baskin-Robbins, today announced that Grupo Tagaropulos has acquired 13 Dunkin’ Donuts restaurants and seven Baskin-Robbins shops in Panama, becoming the brands’ new sole franchisee in the country. Under the agreement, Grupo Tagaropulos, a company with decades of experience in the local food and retail industries, will transform and grow the brands in Panama by remodeling existing shops and adding new Dunkin’ Donuts and Baskin-Robbins locations across the country over the coming years.
“We’re pleased to work with Grupo Tagaropulos to further develop both the Dunkin’ Donuts and Baskin-Robbins brands in Panama,” said Bill Mitchell, President, Dunkin’ Brands International. “Grupo Tagaropulos has decades of experience in the local food and retail industries, so we feel they will be an excellent franchisee to re-invigorate our brands in the country. We’re looking forward to working with them to bring Dunkin’ Donuts’ and Baskin-Robbins’ high-quality food and beverages to even more guests in Panama and across Latin America.”
Grupo Tagaropulos’s acquisition of the Dunkin’ Donuts and Baskin-Robbins locations represents a new era of possibilities for two iconic brands in Panama. In addition to remodeling existing restaurants to the latest designs, the agreement also calls for the development of new Dunkin’ Donuts restaurants and Baskin-Robbins shops in Panama over the coming years.
“We are excited to have the opportunity to further develop two of the world’s most iconic restaurant brands in Panama,” said Julio Lizarzarubu, CEO, Grupo Tagaropulos. “Dunkin’ Donuts and Baskin-Robbins have become favorites of guests in Latin America and around the world, so we look forward to re-energizing the brands here and adding new locations across the country in the years ahead.”
Dunkin’ Donuts currently has more than 11,800 locations in 44 countries around the world, including 370 across Latin America. The brand offers a delicious lineup of hot and iced coffee, tea, lattes, espresso, cappuccino, sandwiches, muffins, bagels and its world famous donuts, all served with fast and friendly service and at a great value. Baskin-Robbins currently has more than 7,600 shops in nearly 50 countries around the world, including nearly 90 locations across Latin America. The brand features an extensive array of premium ice cream flavors, along with custom ice cream cakes, delicious ice cream sundaes, refreshing frozen beverages and other frozen treats. Both brands also offer regional menu items to cater to local tastes.
Dunkin’ Brands is continuing to grow its brands internationally. The company is looking for franchisees with a proven track record of success with multi-unit operations in the restaurant industry to grow Dunkin’ Donuts and Baskin-Robbins around the globe. Interested candidates should visit www.DDGlobalFranchising.com to learn more about available markets and access the brands’ online application.
With more than 19,000 points of distribution in more than 60 countries worldwide, Dunkin’ Brands Group, Inc. (Nasdaq: DNKN) is one of the world’s leading franchisors of quick service restaurants (QSR) serving hot and cold coffee and baked goods, as well as hard-serve ice cream. At the end of the first quarter 2016, Dunkin’ Brands’ nearly 100 percent franchised business model included more than 11,800 Dunkin’ Donuts restaurants and more than 7,600 Baskin-Robbins restaurants. Dunkin’ Brands Group, Inc. is headquartered in Canton, Mass.
With more than 100 years of experience, Grupo Tagaropulos is one of the leading Panamanian conglomerates, which is mainly engaged in three business segments: (i) food and consumer goods retail; (ii) real estate development and management; and (iii) food wholesale. Currently, Grupo Tagaropulos operates more than 90 stores in all modern retail segments and a real estate portfolio with more than 250,000 sqm of GLA in Panama. Grupo Tagaropulos is headquartered in Panama City, Panama.
