Allied Domecq Quick Service Restaurants to Locate New Headquarters in Canton, Mass.
November 03 2003 - 3:11PM
PR Newswire (US)
Allied Domecq Quick Service Restaurants to Locate New Headquarters
in Canton, Mass. Dunkin' Donuts, Baskin-Robbins, and Togo's Brands
to Move By October 2004 RANDOLPH, Mass., Nov. 3 /PRNewswire/ --
Allied Domecq Quick Service Restaurants (ADQSR), which includes
popular brands Dunkin' Donuts, Baskin- Robbins, and Togo's, has
signed a 10-year lease for a new corporate headquarters at 130
Royall Street in Canton, Massachusetts. The company is currently
headquartered in Randolph, but occupies a total of four buildings
in Randolph and two buildings in Braintree, Massachusetts. The move
will allow the company to consolidate corporate employees in one
building. The Dunkin' Donuts training center will remain at the
Braintree location. "We're excited about the move," said ADQSR
Chief Executive Officer Jon L. Luther. "We know that bringing most
of our employees under one roof will increase ADQSR's existing
momentum and stimulate even more creativity and efficiency." ADQSR
had spent the past six months looking at office space within a five
mile radius of current corporate offices in order to minimize the
impact on employees' commutes. The building at 130 Royall Street
building is located at exit 2B off Route 128 and is adjacent to
Reebok International's Corporate Headquarters. The interior
build-out of the new construction building will be completed over
the next year. ADQSR plans to occupy the 175,000 sq. foot building
in October 2004. Approximately six hundred employees will work at
the new three-floor building. "We are thrilled to welcome the ADQSR
family to Canton," remarked Victor Del Vecchio, Chairman of the
Canton Board of Selectmen. "Canton has a vibrant commercial
district with headquarters for marquis companies like Reebok. We're
excited to add Dunkin' Donuts, Baskin-Robbins and Togo's to that
list." Cushman and Wakefield and New York real estate company,
Newmark, brokered the lease deal representing the landlord and
tenant respectively. The current owner of the building is Conroy
Development Corporation. The architecture firm Spagnolo Gisness
& Associates will be completing the build-out. Last week Allied
Domecq QSR announced financial results for the fiscal year ending
August 31, 2003. The company saw operating profits increase by 7%
and a net revenue increase of 3.7% to $346.7 million. The company
achieved system-wide sales growth of 5% and opened a total of 1,304
new brand distribution points in FY03. About Allied Domecq Quick
Service Restaurants Allied Domecq Quick Service Restaurants
franchises nearly 11,000 Dunkin' Donuts, Baskin-Robbins and Togo's
stores worldwide. With over 143 years of combined franchising
experience, the company's mission is to thrill customers, enrich
stakeholders and build powerful brands. ADQSR is also a pioneer in
developing and practicing a complementary daypart strategy, which
combines two or three of its brands under one roof. Headquartered
in Randolph, Massachusetts, ADQSR is part of Allied Domecq PLC
(NYSE:AED), a highly successful and dynamic global business in
spirits, wines, and quick service restaurants. More information can
be found on Allied Domecq QSR's website, http://www.adqsr.com/.
Information contained in this press release, other than historical
information, may be considered forward-looking in nature and is
subject to various risks, uncertainties and assumptions. Should one
or more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, actual results may vary
materially from those anticipated, estimated or expected. Among the
key factors that may have a direct bearing on ADQSR's operating
results, performance or financial condition are its dependence on
franchisees to execute its store expansion strategy, supply issues,
competition and numerous other factors. DATASOURCE: Allied Domecq
Quick Service Restaurants CONTACT: Cindy Gordon, ADQSR, office
+1-781-961-4020 x3025, cell +1-781-956-2542 Web site:
http://www.adqsr.com/
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