Dunkin' Brands, the parent company of Dunkin' Donuts and Baskin-Robbins, 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,” says Bill Mitchell, president of 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,” says Julio Lizarzarubu, CEO of 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. Baskin-Robbins currently has more than 7,600 shops in nearly 50 countries around the world, including nearly 90 locations across Latin America. Both brands also offer regional menu items to cater to local tastes.