In 2006, Bain Capital joined forces with two other investment groups to buy the failing Dunkin’ Brands Incorporated and orchestrate its turnaround to profitable success.
Dunkin’ Brands Inc. owns the Baskin-Robbins chain of ice cream franchises.
Barack Obama worked at a Baskin-Robbins in Hawaii when he was a teenager and shared his first kiss with Michelle while they were on an ice cream date at a Baskin-Robbins in Chicago.
Bain Capital was co-founded by Obama’s current rival, Mitt Romney.
In other words, Barack scooped Baskin-Robbins and kissed Baskin-Robbins, but it was the company Mitt built that saved Baskin-Robbins from bankruptcy.
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Sources:
http://news.dunkindonuts.com/article_display.cfm?article_id=1188
http://articles.philly.com/2011-05-05/business/29512956_1_dunkin-donuts-new-doughnut
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The Daily Caller has an article saying that Bain saved the site of the Obamas’ first kiss. That’s a big stretch. The site is a rented store front in a shopping mall that is owned by someone else. At the time of the Famous First Kiss, that store front was occupied by a Baskin-Robbins franchise. It is now occupied by a Subway franchise. Bain’s efforts to save the Baskin-Robbins brand had nothing to do with the continued existence of the shopping mall itself.
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