It’s the kind of news that strikes horror into doughnut fans – Krispy Kreme may buy Dunkin’ Donuts.
If you prefer the solid doughnut goodness of a traditional Dunkin’ over the hot glazed confections made by Winston-Salem based Krispy Kreme, you may worry about what such a takeover might mean. No more munchkins? Say it, ain’t so.
After all, there are Dunkin’ Donut lovers and Krispy Krispy Kreme lovers – and rarely do the two cross over.
Bloomberg News reported earlier this week that JAB Holding Co., the Luxembourg company that owns Krispy Kreme, Peet’s Coffee and Panera Bread, could be preparing to add Dunkin’ Donuts to its portfolio. The news caused Dunkin’ Donut’s stock to rise 8 percent on Monday. It closed Thursday at $58.33.
JAB Beech, a subsidiary of JAB Holdings, paid $1.3 billion for Krispy Kreme in July 2016. Massachusetts-based Dunkin’ could cost it even more – around $8.2 billion, according to Bloomberg.
That’s a price as rich as a hot glazed and Boston Kreme combined, but could be worth it to JAB, which wants to compete against Starbucks.
Neither company responded to requests for comment.