Dunkin’ Brands, Inc. plans to sell Togo’s Eateries, Inc., announced Jon L. Luther, Dunkin’ Brands chairman and CEO today. Trinity Capital, a Los Angeles-based investment banking firm with extensive experience in the multi-unit retail and food and beverage industries, has been retained to evaluate and market the business to potential buyers.
“With the attention of the Dunkin’ Brands leadership team focused squarely on accelerating our growth through global expansion of our larger Dunkin’ Donuts and Baskin-Robbins businesses, we believe a sale of Togo’s will best position the brand to continue to achieve its own promising growth path,” said Luther.
Togo’s was established in 1968 and became part of Dunkin’ Brands in 1997. The company, which is headquartered in San Jose, CA, currently operates 280 locations predominantly in California. In fiscal 2006, Togo’s systemwide sales were $157 million.
