Boozy Coffee & Glazed Donuts 🍩
This Week in Review☕️: This Coffee Chain is adding alcohol to its Iced Lattes | Subway is about to be sold | Womens World Cup | Christmas can't come soon enough | UK launches Fintech Investment Fund |
Quick Bites:
Coffee☕️: Something boozy is brewing!
Yep it's true! Dunkin' Donuts is turning two of its fan-favorite drinks into boozy beverages.
Dunkin is launching its "Spiked Iced Coffees and Iced Teas" next month.
Mornings about to be LIT y'all 🔥
The two malt-based beverages will launch in September and feature 8 flavors.
The iced coffee contains 6% alcohol by volume and the hard tea contains 5%.
“We saw the positive response to our previous collaborations for Dunkin-inspired beers. The growing appetite for adult beverages inspired us to put a twist on our customers’ favorites"- VP of DD
The millennial urge to think spiked coffee will fix all our problems 🤦🏻♀️
Like it or not, Dunkin' Donuts is urban America. The Massachusetts-based company has ingrained itself in our lives one glazed donut at a time.
With more than 5 decades of brand legacy and +13,000 restaurants in almost 40 global markets, the internet is already abuzz from excitement.
More so, it's appetite for global domination has only increased this year with it expanding into the ready-to-drink alcoholic beverage market.
Our Thoughts💡: From Eggo launching a boozy "Brunch in a Jar" to now Dunkin’ brand alcohol? Yep.. this recession hittin' us like a bullet train
PS. On our Iced Expresso Martini #20.. Might end up with a DUI. Might win 20k in roulette.
Sky's the limit tonight
Food: Italian, Nine-Grain Wheat, Parmesan Oregano, Multi-Seed and Honey Oat.. What do these breads have in common?
Subway.. and it's about to be sold for a whopping $9.6 billion.
That's 1,476,923, 076 footlongs y'all
Key Highlights, according to The Wall Street Journal:
💡Investment firm 'Roark Capital' is the leading buyer
💡Subway has "stumbled in the last decade" amid competition from newer franchises
💡JP Morgan is advising the company
💡Subway has not changed hands since it was founded by two Connecticut families in 1965
💡8th-largest restaurant chain in the US
💡37,000 locations globally
💡$9.8 billion in domestic sales
💡Rival firms, including TDR and Sycamore, are still competing for the deal
"Roark Capital Group" is currently the leading buyer to acquire Subway. The Atlanta-based private equity firm already owns the following food chains:
🥪Arby's
🥨Auntie Anne's
🍨Baskin Robbins
🍗Buffalo Wild Wings
🍩Cinnabon
🍰Cheesecake Factory
🥤Jamba Juice
🌯Jimmy John's
🍛Moe's Southwest Grill
Hmm.. that's quite an impressive (and yummy) list. With such a portfolio, the least we can hope for is that new management gets rid of the odd sickly-sweet smell that wafts in like a 10-yard radius around the place 🤢🤢
Our Thoughts💡: If the sale goes through, it would be the biggest deal since Inspire Brands purchased Dunkin' Donuts and Baskin-Robbins for a record $11.3 billion in 2020.
PS. Will the new owners adjust the price? Bc we haven't gone back since the $7 footlong turned into the $15 footlong
Retail 🎄: Christmas can't come soon enough for retailers as they start promoting festive merchandise already.
The trend started during the pandemic when Amazon and Walmart initiated holiday sales as early as October due to tepid customer demand, CNN.
Not to be a Grinch but Santa better grab his SPF and a thong bottom because summer has claimed Christmas 🎅🏻
Top 5 things we're excited about this September:
💡Harry Potter Back to Hogwarts Day
💡World Coconut Day
💡Starbucks Pumpkin Spice Lattes
💡Eggnog cocktails
💡Yorkshire Pudding
According to CNN, shoppers' hesitation to spend on discretionary items means stores are doubling down on the holidays to loosen their spending appetite.
In addition, some retailers are using leftover holiday inventory to fill up floor space as festive products trickle in.
Our Thoughts💡: Sure, we understand.. Store owners are looking to make their wallets jingle all the way upto December. And nothing wrong with some early festive cheer but Xmas trees and wreaths while we're still heading to the beach?!
Is it just us or are all of us in a full-blown seasonal time lag this year?! 😐😐😐
Sports ⚽️ : Spain beat England to win its 1st ever Women's World Cup in Sydney.
Looks like its never coming home
Spain's Queen Letizia was there to celebrate with them alongside FIFA president 'Gianni Infantino' at the directors' box.
The Spanish team 'La Roja' won 1-0 at Stadium Australia this past weekend.
The global audience for the tournament is expected to surpass 2 billion, up from the 1.12 billion who tuned into the 2019 event in France, Bloomberg.
Sold out stadiums, record viewing numbers, memorable performances. Because of these young girls, a new generation is dreaming about wearing green and gold 🙏🏻
Britain's Royals, who were notably absent from the event, said their team were champions either way.
Prince William, did however post congratulations on X, where he stated the English had done the “nation proud.”
Finance 🇬🇧 : The UK launches a new "Fintech Growth Investment Fund" with up to £1 billion in capital to compete with Silicon Valley.
Umm what's a billy gonna do..? That's how much Bay Area startups make between lunch and dinner
Key Highlights, according to CNBC:
💡The purpose of the fund is to back growth-stage financial technology companies
💡It is backed by heavyweights like Mastercard, Barclays and the London Stock Exchange Group
💡The fund aims to invest between £10 million to £100 million into fintech companies
💡The UK has previously faced criticism that it poses barriers to the fintech industry, forcing entrepreneurs to consider listings overseas.
This comes as the UK became the 2nd top country for startups last year, beaten only by the US, according to the 2022 Global Startup Ecosytem Index.
The report noted fintech as one of the dominant sectors in the UK.
London also made it to the only non-US city in the Global top 5 cities for entrepreneurs- which tbh is commendable given London was nowhere in the startup scene a decade ago!💯
Kudos Londoners, WE SEE YOU! 🙌🏻
Quicker Bites:
Rolex thefts on rise as luxury watches worth more than $1bn missing, Bloomberg.
More than 800 people still missing from Maui wildfires.
Southern California still grapples with Hurricane Hilary’s aftermath.
Trump says he will surrender at an Atlanta jail on Thursday in Georgia election interference.
Russia’s Luna-25 has smashed into the moon.
Meta’s Threads to add a web version.