Dunkin' Brands Baskin-Robbins Unit in Australia Joint Venture

Baskin-Robbins today announced plans to greatly expand the brand's presence in Australia through a master franchise joint venture with Galadari Brothers (GB). Under the agreement, GB, the parent company of Galadari Ice Cream Co. LLC (GICC), and Dunkin' Brands Group, Inc. (DBI), the parent company of Baskin-Robbins, plan to open approximately 200 additional Baskin-Robbins shops in Australia over the next 10 years, more than tripling the brand's presence in the country. GICC is a long time Baskin-Robbins licensee for the Middle East. (Logo: http://photos.prnewswire.com/prnh/20121022/NY96752LOGO-b )  Under the terms of the agreement, DBI will maintain a twenty percent stake in the new venture, with GICC being primarily responsible for day-to-day operations for the brand in Australia. The finalization of the joint venture is subject to usual and customary closing conditions such as regulatory approvals. "GICC has done an outstanding job of making Baskin-Robbins one of the preeminent ice cream brands in the Middle East, and we believe they can do the same in Australia, one