Dunkin' Donuts Opens New Restaurant in China
Dunkin' Donuts has signed an agreement with Jubilant FoodWorks to develop, sub-franchise and operate more than 500 Dunkin' Donuts restaurants throughout India over the next 15 years. In 2010, the company signed a development agreement to expand throughout Russia and Ukraine over the next several years.
The company's entry into India and Russia follows its expansion over the past several years throughout Europe, the Middle East, Latin and South America, as well as the Asia-Pacific market.
Since the first Dunkinâ€™ Donuts restaurant outside the US opened in Canada in 1961, the company has grown across four continents over the past five decades. At the end of fiscal 2010, Dunkinâ€™ Donuts had more than 9,700 restaurants in 31 countries.
Nigel Travis, CEO of Dunkinâ€™ Brands and president of Dunkinâ€™ Donuts, said: Dunkinâ€™ Donuts is one of the worldâ€™s most recognized and beloved companies, and the opening of the 3,000th international location underscores the deep emotional connection people around the world have to the brand. We are thrilled to have reached this important milestone and very pleased with Dunkinâ€™ Donutsâ€™ steady international growth over the last several years.
â€œThe opening of our 3,000th international location reinforces our commitment to global growth and our commitment to offer guests around the world high-quality food and beverages served in a friendly, fast environment at a good value.â€
Will the move benefit the firm to expand operations in China?
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