Booming U.S. Doughnut Franchise to Expand Overseas
A fast-growing U.S. doughnut franchise announced that it’s ready to conquer international markets as well, having recently signed a deal for growth in Chile.
Duck Donuts, which first opened in North Carolina’s Outer Banks in 2006, launched its franchise program in 2011 and has already grown to 65 franchise locations in the U.S. Its deal with OBX Alimentos SpA is for 10 locations in Chile over four years, with the first set to open by October.
Marcial Dieguez-Acuna, CEO of OBX Alimentos SpA and partner of investment firm Inversiones Rio Potomac Ltd, says he became a fan of Duck Donuts after taking his son to their local shop in Arlington, Virginia. Dieguez-Acuna lived in Chile for several years and helped run his family business there, and thought a premium doughnut brand would do well in the market.