I didn’t realize until recently that Dunkin’ Donuts, that quintessentially American franchise, was French-owned. I saw the French crullers and the French Roast coffee, and didn’t think twice. I couldn’t imagine any self-respecting French company (and I risk contradicting myself there) would ever stoop to owning such a business.
Well, one did. Pernod, to be precise.
Until last night, when a coalition of three American companies pooled their resources and brought the company back into the American fold. Two Boston-based venture capital firms, Thomas H. Lee Partners and Bain Capital Partners (which was founded by three men, one of whom was Massachusetts’ current governor, Mitt Romney) and Washington, DC – based The Carlyle Group forked over almost two and a half billion dollars in cash.
They say that they don’t intend to make any changes, but just the mere thought that the French no longer own Dunkin’ Donuts and Baskin Robbins.
Togo Sandwiches, however, I could take or leave.