10 things you need to know today: October 31, 2020

Inspire, a holding company backed by the private equity firm Roark Capital Group, will buy Dunkin’ Brands Group in an $11.3 billion deal, the second-largest acquisition of a North American restaurant chain in at least a decade following Restaurant Brands International’s $13.3 billion purchase of Tim Hortons in 2014, The Wall Street Journal reports. With Dunkin’ in tow, Inspire is expected to become the second-largest U.S. restaurant chain by domestic sales after McDonald’s Corp, and it will have 32,000 restaurants and 600,000 company and franchise employees. Inspire’s expansion began in 2018, when Arby’s merged with Buffalo Wild Wings. The group then bought Sonic and Jimmy John’s. The Canton, Massachusetts-based Dunkin’ will also give Inspire a larger international profile, as more than 42 percent of its 21,000 stores are outside the U.S. The deal, which was previously hindered by the coronavirus pandemic, is expected to close by the end of the year, the companies said Friday. [The Wall Street Journal, CNN]

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