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CANTON, Mass. — Dunkin' Donuts (NYSE:DNKN) announced yesterday that three of its existing Latin American international franchisees have signed contracts that commit them to expand further in the region. The agreements call for more than 125 new Dunkin' Donuts restaurants to be developed over the next ten years by Dunkin' Donuts' licensees Fagase S.A. in Chile, Donucol, Ltd. in Colombia and Nutra S.A. in Peru.
With more than 10,000 restaurants in 32 countries, Dunkin' Donuts currently has more than 300 restaurants across Latin America, including more than 200 locations in Chile, Colombia and Peru, as well as locations in countries including Ecuador, Honduras and Panama.
The new agreements commit the licensees to develop 38 new Dunkin' Donuts restaurants in Chile, 70 additional locations in Colombia and 25 new shops in Peru. If franchisees fail in their development plans, they can lose their Dunkin' license for their country. All of the new restaurants will feature donuts, breakfast, sandwiches and coffee, which marketing surveyor Brand Keys ranks as number one in U.S. customer loyalty in the coffee category. However, the shops will also be localized, featuring donuts inspired by manjar or arequipe (dulce de leche) in all three countries and an iced chicha fruit coolatta in Peru, which is made with Peruvian purple corn.
"We are excited to bring Dunkin' Donuts' wide range of high-quality beverages and baked goods to even more consumers across Latin America," said Giorgio Minardi, President, Dunkin' Brands International. "We already have great traction for our brand in Chile, Colombia and Peru as a result of our relationships with these three experienced, successful in-country partners and believe Dunkin' Donuts has an even brighter future in Latin America as a result of these expansion plans."
Dunkin' Donuts also recently announced its entry into Guatemala. The first Dunkin' Donuts location in that country opened in Miraflores in May 2012. The brand's local partner in Guatemala, Grupo Intur, currently also operates 42 Dunkin' Donuts restaurants in Honduras.