South African fans of American branded hot glass donuts with a gulp of coffee are about to see a familiar choice disappear.
The company that owns Dunkin Brands Brands Inc. is the local Dunkin & # 39; Donuts chain has applied for voluntary liquidation of the unit. The South African leisure company Grand Parade Investments Ltd., which ran the franchise stores since the end of 2016, also closes its Baskin-Robbin ice cream shops, another Dunkin chain.
The opening of Dunkin & Donuts in South Africa followed other American chains like Yum! Brands Inc.'s Pizza Hut and Starbucks Corp. seeking to tip consumer demand for popular American fast food. Grand Parade said in 201
Grand Parade made the decision after pushing to focus on Burger King restaurants and a failed effort to sell The two unprofitable brands, the Cape Town-based company, said Friday in a statement.
Grand Parade rose 1 percent to 2.89 rand at 13:49 in Johannesburg, and compared to the decline this year to 7.7 percent.
For consumers who still want a morning dose of American coffee and donuts, there is still Krispy Kreme Donuts Inc., with 16 local shops scattered across Johannesburg, Pretoria and Durban.