Dunkin’ Donuts India Exit: A big decision has been taken regarding the business of American food brand Dunkin’ Donuts in India. The company’s Indian partner Jubilant Foodworks Limited has decided not to extend the franchise agreement.
This agreement expires on 31 December 2026. After which Dunkin’ Donuts stores across the country will be closed in a phased manner. Its operations will gradually be completely ended….
What is the reason behind the decision?
This step of Jubilant FoodWorks Ltd shows that the company is now changing its strategy. It wants to focus more on its main brands and important markets. After board approval and official filing, the decision to close Dunkin’-related businesses has been taken.
Stores will be closed gradually in the coming times. More updates may also come out. According to the information received, continuous losses and lack of expected growth in business are being considered as the major reasons for the break of this agreement.
Company’s future plans
Giving information, the company said that Dunkin’ stores will not be closed simultaneously. Rather their operations will be gradually reduced. In some places shops may be completely closed.
Whereas a decision can be taken to sell some or give it to someone else. This entire process will be as per the prescribed rules, so that there is no problem and its impact on the customers is minimal.
The company’s business is spread in many countries
Jubilant Foodworks Limited was started in 1995 and today it is doing business in 6 countries. The company has more than 3,500 stores in India including Türkiye, Bangladesh, Sri Lanka, Azerbaijan and Georgia.
The company also manages international brands like Domino’s and Popeyes. It also runs its own brands like Hong’s Kitche and CAFE brand COFFY in Türkiye.
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