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NEW YORK-- Dunkin' Donuts was sold to a trio of private-equity firms by a French company, reported the Associated Press.
Pernod Ricard is selling the chain to the Boston-based Bain Group, Thomas H. Lee Partners and the Carlyle Group for just over $2.4 billion, according to the report.
The deal also includes the Baskin-Robbins ice cream and Togo's fast-food chains. The three companies will invest equal amounts of equity in the company and will leave the existing Dunkin' Brands management team in place, AP reported.
Pernod said in the report the sale will be completed early next year, subject to regulatory approval.
Dunkin' Donuts recorded a 12 percent increase in sales last year. The chain is now the largest U.S. doughnut franchise with more than 6,000 stores in 30 countries.