Love donuts? especially Dunkin’ Donuts? Well, then it’s sad news for you. Jubilant Food Works Ltd has decided not to renew its franchise agreement for the Dunkin’ brand in India. This decision will result in the Dunkin’ Donuts brand leaving India by the end of 2026. Read on to know more about it.
Dunkin’ Donuts To Exit India
As per a report by Moneycontrol, the Multiple Unit Development Franchise Agreement (MUDFA), which was signed back on February 24, 2011, between Jubilant FoodWorks Ltd and Dunkin’, is all set to expire on December 31, 2026. The company’s board has now decided on the non-renewal of development rights granted under the agreement upon completion of the current term.
JFL revealed in the filing that the board has decided on the non-renewal of the development rights granted in MUDFA upon expiry of its current development term. The company also informed that it will undertake actions in a phased manner regarding its existing Dunkin‘ operations. These may include the rationalisation of certain stores, the sale and transfer of assets, and the assignment of franchise rights in consultation with the Dunkin’ brand owners. JFL also stated that it will take these steps in compliance with the terms of the agreement, regulatory requirements, and applicable laws.
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Jubilant FoodWorks & Dunin’ History
Back in 2011, Jubilant FoodWorks entered the Dunkin’ India business through the MUDFA, which granted it rights to operate the brand in the country. The Dunkin’ brand operates globally as a coffee and donut chain. In India, too, it has been known for its quick-service restaurant segment, where competition includes domestic and international coffee and food chains.
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FAQs
Is Dunkin' available in India?
Yes, Dunkin' is available in India.