Krispy Kreme Doughnut Corp. has announced that it has entered into a franchise development agreement with Dominspec S.A. for the development of 14 Krispy Kreme shops over the next five years in the Dominican Republic. Dominspec S.A. is a quick-service restaurant conglomerate that operates Burger King and Papa John's restaurants in the Dominican Republic.
"Having an experienced and successful franchise partner like Dominspec S.A. introduce Krispy Kreme in the Dominican Republic is a great opportunity for Krispy Kreme," said Jeff Welch, Krispy Kreme president, international, in a news release.
"The addition of Krispy Kreme will strategically complement and widen Dominspec S.A. existing food and beverage operations," said Isabel Turull, managing operator of Dominspec S.A. "Krispy Kreme is a well known brand around the world with terrific tasting unique products and we expect Krispy Kreme to do very well in the Dominican Republic."
The Krispy Kreme Original Glazed doughnut can be found in 18 countries, including the United States, Australia, Bahrain, Canada, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico, the Republic of Korea, Qatar, the Kingdom of Saudi Arabia, Turkey, the United Arab Emirates and the United Kingdom.
