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Empresas y finanzas

Dunkin' Brands to increase legal reserves


    (Reuters) - Dunkin' Brands Group Inc , the parent of Dunkin' Donuts cafes and Baskin-Robbins ice cream shops, said it would increase its legal reserve in the current quarter following a court ruling against it in Canada.

    A group of Dunkin' Donuts franchisees in Quebec had filed a lawsuit against the company in 2003 on a variety of claims.

    The Quebec Superior Court ruled against Dunkin' Brands on Friday and ordered the company to pay C$16.4 million plus costs and interest to compensate the loss incurred by the franchises.

    Dunkin' Brands, which operates in nearly 60 countries, said it had earlier reserved C$4 million for the potential loss.

    The company said the damages awarded were unwarranted and it intends to appeal the decision.

    Shares of the company closed at $34.72 on Friday on the Nasdaq.

    (Reporting by Juhi Arora in Bangalore; Editing by Roshni Menon)