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Technavio Research: Quick Service Restaurants Market 2020-2024- Featuring Chick-fil-A Inc., Inspire Brands Inc., Restaurant Brands International Inc., Among Others to Contribute to the Market Growth | Technavio
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201218005670/en/
Technavio has announced its latest market research report titled Global Quick Service Restaurants Market 2020-2024 (Graphic: Business Wire).
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The report on the quick service restaurants market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
Inspire Brands, Inc. announced the completion of its $11.3 billion acquisition of Dunkinâ Brands Group, Inc.
With the addition of Dunkinâ and Baskin-Robbins, Inspire now encompasses nearly 32,000 restaurants across more than 60 countries generating $26 billion in annual system sales, making it the second-largest restaurant company in the U.S. by both system sales and locations. Inspireâs family of brands includes Arbyâs, Baskin-Robbins, Buffalo Wild Wings, Jimmy Johnâs, Rusty Taco, and SONICÂ Drive-In.
The acquisition of Dunkinâ Brands furthers Inspireâs goal of bringing together a family of highly differentiated and complementary brands. Both Dunkinâ and Baskin-Robbins will benefit by leveraging the capabilities and best practices of Inspireâs shared services platform. Additionally, both brands will also benefit Inspire by adding a highly talented team, strong franchise network, large and loyal customer base, scaled international plat
Former Dunkin’ Brands CEO Dave Hoffmann will serve as “Senior Advisor” and report to Brown. He’ll help navigate the integration process, Inspire said. Scott Murphy, formerly Dunkin’ Americas president, will assume the role of Head of the Inspire Beverage-Snack Category, as well as president of Dunkin’. He’ll report to Brown, too.
SVP of Baskin-Robbins U.S. and Canada, Jason Maceda, is shifting to president of Baskin-Robbins, where he’ll report to Murphy. Both will join the Inspire executive team.
In accordance with the merger agreement, Raul Alvarez, Linda Boff, Irene Chang Britt, Anthony DiNovi, Michael Hines, Hoffmann, Mark Nunnelly, Roland Smith, Carl Sparks, and Nigel Travis resigned from the board of directors.
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