The world is changing fast and to keep up you need local knowledge with global context.
By Carin Smith
Cape Town – Grand Parade Investments [JSE:GPL] announced on Monday that it has signed a master franchise agreement with Dunkin’ Brands, the parent company of Dunkin’ Donuts and Baskin-Robbins, to begin developing both brands in South Africa.
The agreement remains subject to GPI’s receipt of approval from the Financial Surveillance Department of the South African Reserve Bank.
Under the licence agreement, Grand Parade Investments (GPI) will develop over 250 Dunkin’ Donuts restaurants and more than 70 Baskin-Robbins shops in South Africa. This will be done through both corporate-owned stores and franchised outlets, with an initial focus on Cape Town and Johannesburg.
The agreement also provides for the introduction of Baskin-Robbins ice cream products to supermarket chains and convenience stores in South Africa over the licence period.
Coffee and bakery chains Dunkin’ Donuts has more than 11 500 restaurants in 40 countries worldwide selling roughly 60 cups of coffee every second and more than 1.8 billion cups of coffee a year. The brand will also offer regional menu items to cater to local tastes, said GPI.
Ice cream specialty chain Baskin-Robbins currently has more than 7 600 locations in nearly 50 countries, serving over 300 million customers each year worldwide.
In 2013 GPI brought Burger King to SA.
“As we continue our global expansion of Dunkin’ Donuts and Baskin-Robbins, we are delighted to work with GPI to bring both brands to South Africa,” said Bill Mitchell, president of Dunkin’ Brands International. “GPI has a wealth of experience in the local restaurant and retail industry, and a strong focus on operational excellence.”
“At GPI we work with world-class partners to develop brands that will resonate with South African consumers, which is why we’re thrilled to bring Dunkin’ Donuts and Baskin-Robbins to the market,” said Hassen Adams, executive chair at GPI. – Fin24
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.