Dunkin’ Donuts Rescues Toys for Tots

The Record reports that after news that a Wall Street sponsor had to forfeit its annual donation to the Toys for Tots holiday train, Dunkin’ Donuts on Monday donated $20,000 to keep the train fueled up with toys for 2009. The money from Dunkin’ Donuts will be used to directly purchase as many as 30,000 toys for this year’s collection and support the Holiday Toy Train’s 2009 run across 12 communities from Binghamton to Albany to Plattsburgh.

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Dunkin Donuts Franchise Operator Sees Big Dreams Fall Flat

Michael Braga writes in the Sarasota Herald Tribune that Bill Daly swept down from Massachusetts two years ago with the goal of expanding his Dunkin’ Donuts franchise. For $11.15 million, he was able to buy a majority stake in the largest Dunkin’ Donuts chain on Florida’s west coast — a chain with 18 stores from Bradenton to Punta Gorda and a bakery large enough to service twice as many eateries. After closing the deal in August 2007, Daly announced he would build 26 new outlets in five years and would eventually increase his Florida payroll from 200 to 1,000 people.

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Dunkin’ Donuts Looks to New Executives to Keep Up Buzz

Emily Bryson York reports in Advertsing Age that Dunkin’ Donuts is working with a new house blend: It’s got a new president, chief marketer and operations manager. Nigel Travis, who has been transitioning into the president-CEO role, has also hired new heads of communication and human resources. John Costello, Dunkin’ Donuts’ new marketing chief “It sounds to me like they’re looking for some fresh perspective and insights from the marketplace and not the just from the coffee and doughnut space,” said Technomic’s Darren Tristano. “After awhile, getting a fresh perspective on a pretty old brand can’t hurt.

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Lender CIT Files for Bankruptcy

The Boston Business Journal reports that CIT Group Inc. filed for bankruptcy protection Sunday after its board of directors approved of a plan to reorganize the giant small business lender. The plan has also been approved by CIT’s creditors. “The decision to proceed with our plan of reorganization will allow CIT to continue to provide funding to our small business and middle market customers, two sectors that remain vitally important to the U.S. economy,” Chief Executive Jeffrey Peek said in a statement.

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Citizens Bank Sale Subject to Speculation

Tim Mclaughlin reports in the Boston Business Journal that Citizens Bank could get a new owner if the European Commission forces parent company Royal Bank of Scotland to sell more assets than what executives originally anticipated.
RBS, whose shares fell as much as 13 percent Monday, said in a brief statement that negotiations with the EC will include some divestments not initially contemplated.

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Homes for Our Troops and the Dunkin’ Brands Community Foundation Host Three-Day Build Brigade to Construct Specially Adapted Home for Army SPC Alex Knapp

Homes for Our Troops and the Dunkin’ Donuts and Baskin-Robbins Community Foundation will host a three-day
Build Brigade beginning today October 30 through November 1 to provide Army SPC David (Alex) Knapp with a brand new specially adapted barrier free home. The Build Brigade will take place at 15625 Downing Street in Macomb Township,

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Quiznos Loans Franchisees Capital for Reimage Program

David Farkas reports in Chain Leader that to revitalize its brand, Quiznos is rolling out a new decor package and upgraded training. To get franchisees to buy in, the restaurant chain is loaning them the money. Quiznos is tempting franchisees with a low-interest rate on small loans to be used for remodeling the restaurants.

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It’s Buyer Beware for Franchisees

THE BENEFITS of owning a franchise are made clear in “Buying into a franchise can take uncertainty out of getting started’’ (Business, Oct. 11). But, based on our experience at Mediation Works Inc. with franchises, potential hazards inherent in these businesses should also be addressed.

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