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July 14, 2006 / 4:01 PM

Dunkin' Donuts aims to triple in size

CANTON, Mass., July 14 (UPI) -- Dunkin' Donuts plans to triple its number of outlets to challenge U.S. rival Starbucks for dominance in retail coffee sales.

The expansion of the company, owned by Dunkin' Brands Inc., will be complete in 2015, the Chicago Tribune reported Friday.

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Specifically, Dunkin' Donuts plans to grow from 4,400 stores to 15,000 stores, giving it more than Starbucks has.

"It is an aggressive expansion, but it is important to us to be very convenient," said Lynette McKee, vice president of franchising for Dunkin' Brands Inc.

A consortium of global private equity firms consisting of Bain Capital LLC, The Carlyle Group, and Thomas H. Lee Partners LP will help fund the growth.

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