Global entrepreneur Teja Chekuri, restaurateur behind microbrewery Ironhill India that is popular for local-flavoured craft beer, has acquired nine franchisees of American coffee and food chain Dunkin’ for $ 18,000,000 through his company Golden Horn Group.
Nine of these that are in Sharon, Hanover, Weymouth, Braintree, Quincy in Massachusetts are now owned by the Golden Horn Group and will be operated under OM Network LLC.
The iconic American brand Dunkin' Donuts LLC, also known as Dunkin and by the initials DD, is an American multinational coffee and doughnut company, as well as a quick service restaurant and one of the largest coffee and donut chains in the world. Founded by Bill Rosenberg in 1950, the company is headquartered in Canton, Massachusetts and is famous for its product range that includes donuts, bagels, coffee, and "Munchkins" donut holes.
The official Dunkin approval for this acquisition took almost 2 years and the transition of ownership will be a detailed process that will be completed in 6-8 months.
“To achieve this, we are in the process of strengthening backend systems that will enable us to grow faster. Our current expertise in establishing international concepts in the global restaurant industry will add to the vibrancy and growth of the brand as we restructure teams to chase this target,” added Chekuri.
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