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Dunkin' Donuts to add eight units in Rochester, N.Y.
Canton, Mass. -- Dunkin' Donuts said it will open eight new restaurants in Rochester, N.Y., via a multi-unit store development agreement executed with existing franchisee Luis Ribeiro.
Ribeiro currently owns 25 of the 61 Dunkin' Donuts in the Greater Rochester area.
"We expect 10 to 20 new Dunkin' Donuts restaurants to open in Rochester over the next few years," said Grant Benson, VP franchising and business development, Dunkin' Brands.
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Office Depot sends shareholder letter supporting director nominees
Boca Raton, Fla. – Office Depot sent its shareholders a letter this morning urging them to vote for its 10 nominees for the board of directors at its annual shareholders meeting on Aug. 21. The letter says that nominees from activist investor Starboard Value LP could disrupt progress and momentum in the ongoing OfficeMax merger and also prevent future synergies from the merger as well as make excessive cuts in critical business functions.
Officer Depot sent a similar letter to its shareholders on July 29.