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Coffee giant on hunt for new president
Dunkin' Brands, the parent company of Dunkin' Donuts and Baskin-Robbins, announced that Paul Twohig, president, Dunkin' Donuts U.S. and Canada, 62, has decided to retire at the end of first quarter 2017.
Dunkin’ plans to name a successor before the end of the year and said it is currently conducting a search which will consider both internal and external candidates.
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Retail legend to step down
The man who turned a single struggling bookstore he bought in 1965 into a retail empire is retiring from active duty.
Leonard Riggio, founder and executive chairman of Barnes & Noble Inc., announced that he will retire as chairman in September, following the chain’s annual shareholder meeting.
“I’ve done everything I have wanted to do in business and now it is time for me to pursue the many other endeavors related to my philanthropic and social interests,” said Riggio.