Dunkin’ Donuts and Baskin-Robbins Set to Close in South Africa
American franchises, Dunkin’ Donuts
Grand Parade Investments which also owns the Burger King franchise in South African are the owners of the ice-cream and donut franchises. They were both launched in 2016 to
In a statement, the company says: “The decision to exit Dunkin Donuts and Baskin-Robbins was made following sustained losses in these businesses and an unsuccessful process to dispose of these businesses.”
It is alleged that the funds the company invested in both franchises will now be invested into Burger King to make sure that the business stays concrete in the QSR industry in South Africa,
Eleven Dunkin’ Donuts and five Baskin-Robbins stores opened in Cape Town in little over two years and never expanded into any other parts of the country when according to the Dunkin’ Brands group, under the agreement, Grand Parade would develop more than 250 Dunkin’ Donuts restaurants and more than 70 Baskin-Robbins shops in South Africa time, with an initial focus on Cape Town and Johannesburg.