Dunkin Donuts Closing 100 Stores
The $15 fast-food minimum wage hike may already be affecting businesses. Dunkin Donuts plans to close 100 stores in the United States this year and next.
Nigel Travis, Dunkin Brand CEO, says the increase is "outrageous" and thinks there should be a debate before the raise takes affect. "The industry wasn't allowed to have a voice," he explains.
Nigel says the company plans to mitigate and "part of the mitigation may be to employ less people."
The company doesn't anticipate any layoffs but Nigel does "see less hiring and less growth."
There's no word on which Dunkin Donuts stores will close and according to CNN Money, "they were all owned by the Speedway gas station and convenience store chain."