On December 15, Inspire Brands completed the acquisition of Dunkin Brands. New financing is in place and Dunkin’ has stopped trading as a public stock. Dave Hoffmann has stepped down as CEO and been named special advisor to Inspire CEO Paul Brown to guide the integration of Dunkin’ into Inspire Brands. Much progress was made during Dave Hoffmann’s tenure, including an overhaul of the Dunkin’ brand via the Blueprint for Growth as well as the successful recovery of the Brand to date from the effects of the COVID-19 pandemic. Dunkin’ and Baskin will continue to be operated as separate customer facing brands. Scott Murphy has been named president of Dunkin and the new head of Inspire Brand beverage and snack category. He will report directly to Paul Brown and we want to congratulate Scott on his appointment and look forward to working with him in the future! Jason Maceda will be President of Baskin Robbins reporting to Murphy. Allied common support business services are also being integrated into Inspire, and although that integration is now underway, it will be complex and lengthy. DDIFO will monitor developments closely.