Brands
Mastercard clinches naming rights to McLaren Formula 1 team from 2026
AMSTERDAM: Mastercard has signed a landmark naming-rights deal with McLaren Racing, under which the team will compete from 2026 as the McLaren Mastercard Formula 1 team. The partnership is valued by industry observers at more than $100 million over several years, putting it among the top tier of F1 sponsorship agreements.
The announcement was made in Amsterdam by Raja Rajamannar, Mastercard’s chief marketing and communications officer and founding president of its healthcare business, alongside McLaren chief executive Zak Brown and drivers Lando Norris and Oscar Piastri.
Rajamannar said the tie-up rested on shared values of innovation, performance and fan engagement. “McLaren is the number one team, and this partnership allows us to connect fans to the sport in ways never seen before,” he said.
As part of the deal, Mastercard unveiled Team Priceless, a global fan programme aimed at bringing supporters closer to the action through behind-the-scenes access, immersive digital activations and exclusive experiences with the drivers.
The timing is strategic. Formula 1’s popularity has surged since Liberty Media acquired the sport in 2017 for $8 billion. Global TV audiences now exceed 500 million per year, with more than 45 per cent of viewers under 35 — a demographic highly prized by brands. Social media engagement grew 23 per cent year-on-year in 2024, making F1 the fastest-growing sports property online.
McLaren, meanwhile, has staged a revival, finishing fourth in the constructors’ championship last season and securing eight podiums. New technical regulations in 2026, including hybrid power units with 50 per cent electrical output, are expected to level the playing field — an opportunity McLaren intends to seize with fresh investment.
For Mastercard, the move reinforces a sponsorship strategy that already spans the UEFA Champions League, the Rugby World Cup and the Australian Open. Sports partnerships account for a significant portion of its global marketing spend, estimated at over $1.7 billion annually. By attaching its name directly to an F1 team, the company is betting that the sport’s glamour and youthful audience will deliver long-term brand dividends.
Brands
Dunkin’ Donuts to exit India as Jubilant FoodWorks ends 15-year franchise deal
The quick service restaurant giant is ending a 15-year franchise partnership with the American doughnut chain, even as it renews its Domino’s agreement for another 15 years
NOIDA: Dunkin’ is done in India. Jubilant FoodWorks Ltd, the country’s leading quick service restaurant operator, has decided not to renew its franchise agreement with the American coffee and doughnut chain, and will wind down its Indian stores in a phased manner before December 31, 2026, bringing a 15-year partnership to a quiet, loss-laden close.
The decision, approved by JFL’s board on March 30, 2026, ends a relationship that began with a Multiple Unit Development Franchise Agreement signed on February 24, 2011. JFL will now evaluate and undertake what it described in a regulatory filing as the “rationalisation and/or cessation of certain operations and/or sale, transfer or disposal of assets and/or assignment or transfer of franchise rights,” all in consultation with Dunkin’s brand owners and strictly within the terms of the original agreement.
The numbers tell the story bluntly. In the financial year 2024-25, Dunkin’ India posted a revenue of Rs 37 crore against a loss of Rs 19 crore — a haemorrhage that was always going to test the patience of a parent company recording revenues of Rs 6,104 crore and a profit of Rs 194 crore in the same period. Doughnuts, it turns out, were never going to move the needle.
The contrast with JFL’s handling of its other marquee franchise could hardly be sharper. Even as it walks away from Dunkin’, the company has just doubled down on Domino’s, signing a fresh Master Franchise Agreement on March 31, 2026, granting it exclusive rights to develop and operate Domino’s Pizza stores in India for 15 years, with an option to renew for a further 10.
JFL, incorporated in 1995 and promoted by the Bharatia family, operates a network of more than 3,500 stores across six markets — India, Turkey, Bangladesh, Sri Lanka, Azerbaijan and Georgia. Its portfolio includes Domino’s and Popeyes on the global side, and two home-grown brands: Hong’s Kitchen and COFFY, a café brand in Turkey.
For Dunkin’, India was always a stretch. The brand never quite cracked the cultural code in a market where filter coffee and chai command fierce loyalty and where the doughnut remains, at best, an occasional indulgence rather than a daily habit. Fifteen years, mounting losses and a parent with better things to spend its capital on was always going to be a difficult equation to solve.
The doughnut has had its last day. The pizza, however, is staying.
