Pursuits

Dunkin’ Donuts to Open 1,400 Restaurants in China

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Dunkin’ Brands Group Inc. entered a franchise agreement to add more than 1,400 Dunkin’ Donuts restaurants in China in the company’s largest development agreement ever.

A joint venture of Jollibee Foods Corp. and Jasmine Asset Holding Ltd. will open and operate the restaurants as franchisee, Canton, Massachusetts-based Dunkin’ said today in a statementBloomberg Terminal. The first location may open in the fourth quarter.