Galadari Brothers ink launching deal with Baskin-Robbins
200 stores slated for opening.
The two brands have formed an agreement to enter in a joint venture to triple the presence of the Baskin-Robbins brand in Australia. Galadari Ice Cream Company (GICC)—parent company of Galadari brothers, and Dunkin’ Brands Group Inc. —parent company of Baskin-Robbins, aim to open 200 more stores across the country in the next 10 years.
It has been agreed upon that GICC will be responsible for handling daily operations for the brand in Australia, while Dunkin’ Brands International will maintain a twenty percent stake in the new venture.
Galadari Brothers Chairman, Abdulla Al Shaibani, shares, "We are very excited about the growth opportunity for Baskin-Robbins in Australia, and we are confident that this joint venture with Dunkin’ Brands will benefit existing franchisees in Australia and bring important synergy to accelerate growth, enhance product innovation, and build the brand in the Australian market,”
The Galadari Brothers Group was founded by Mr. Abdul Rahim E Galadari and Mr. Abdul Latif E Galadari. It is a business conglomerate in the United Arab Emirates, which operates in various sectors that include retail, automobiles, heavy equipment, industrial trading, media, engineering, hospitality, and real estate.
