Dunkin' Donut Chain Takes on Fancy Boutiques <b></b>

Detroit-The blue-collar doughnut shop Dunkin' Donuts has begun offering lattes and cappuccinos at all 55 Michigan stores, as it squares off head-to-head with the nation's leading coffee boutiques, Starbucks and Caribou Coffee.

To bolster its position, Dunkin' Donuts plans to open 145 new stores throughout the state within five years. Dunkin' Donuts says the expansion is really about selling more coffee, especially pricey designer coffee, than doughnuts.

Their traditional coffee already accounts for more than half the company's $3 billion annual sales, and it's flooded the area with free cappuccino coupons in newspaper ads and on its to-go coffee cups. Dunkin' Donuts is the world's largest coffee and baked goods chain, daily serving more than 2 million customers, many of whom rarely visit a boutique coffee shop. -Detroit Free Press

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

AI Could Cause 99% of All Workers to Be Unemployed in the Next Five Years, Says Computer Science Professor

Professor Roman Yampolskiy predicted that artificial general intelligence would be developed and used by 2030, leading to mass automation.

Buying / Investing in Business

From a $120M Acquisition to a $1.3T Market

Co-ownership is creating big opportunities for entrepreneurs.

Buying / Investing in Business

Big Investors Are Betting on This 'Unlisted' Stock

You can join them as an early-stage investor as this company disrupts a $1.3T market.

Business News

Mark Zuckerberg 'Insisted' Executives Join Him For a MMA Training Session, According to Meta's Ex-President of Global Affairs

Nick Clegg, Meta's former president of global affairs, says in a new book that he once had to get on the mat with a coworker.