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Dunkin' Donuts said yesterday that it plans to open more than 1600 stores in China - up from the 16 currently operates there.

According to the Associated Press story, Dunkin "entered into a master franchise agreement with Golden Cup Pte. Ltd. The group is a joint venture between Jollibee Worldwide Pte Ltd., based in the Philippines, and Jasmine Asset Holding Ltd, a unit of RRJ Capital Master Fund II, L.P ... A year ago, Dunkin’ Donuts also announced a separate agreement with Fast Gourmet Group to develop more than 100 stores in eastern China. And on Monday, the chain said it signed a franchise agreement to open more than 100 locations throughout Mexico."
KC's View:
It is all part of Dunkin's continuing efforts to broaden its global footprint, in part to keep up with Starbucks. The AP piece notes that "Dunkin’ Donuts ended the most recent quarter with about 3,200 international locations. In the U.S., it had about 8,000 locations, giving it more than 11,100 locations. The chain has been expanding domestically as well, and recently opened its first traditional location in Southern California.

"Starbucks Corp. had more than 19,700 locations around the world at the end of its most recent quarter."