News

Krispy Kreme plans Bangladesh entry

November 6, 2014

Krispy Kreme has signed a development agreement with its newest international franchisee, Orion Group, for 20 new stores throughout Bangladesh throughout the next five years.

“We are very grateful to Krispy Kreme for choosing us as its franchisee in developing the brand in Bangladesh,” Orion Group's Ifzal Ahmed said in a news release. “As the restaurant industry and consumer embracement of international food brands continue to grow in our country, we look forward to bringing Krispy Kreme’s unique products and in-store experience to Bangladesh consumers.”

Orion Group has a presence in the hospitality, pharmaceuticals, cosmetics & toiletries, infrastructure development, real estate and development, power, high-tech agro products, textiles and garments, and aviation management sectors.

“Orion Group has positioned itself as a market leader across multiple business sectors in Bangladesh. Their proven business aptitude and first-hand knowledge of Bangladesh’s rapidly growing consumer market will be indispensable assets in establishing the Krispy Kreme brand and experience in Bangladesh. We expect Krispy Kreme to become an integral part of Bangladesh‘s culture for many years to come," said Dan Beem, Krispy Kreme president — International.