Operations
Krispy Kreme sells remaining ownership in Insomnia Cookies
June 11, 2025
Krispy Kreme has sold its remaining stake in Insomnia Cookies Holdings LLC to Insomnia Cookies and existing shareholders involved in the July 17, 2024 sale of the Company's majority ownership stake, according to a press release.
The doughnut brand received aggregate cash proceeds of $75 million, which it plans to use to pay down debt after transaction-related fees and expenses.
"We continue to take swift, decisive action to de-leverage our balance sheet and drive sustainable, profitable growth," Josh Charlesworth, Krispy Kreme CEO, said in the press release. "This is an important step as we focus on our two biggest opportunities: profitable U.S. expansion and capital-light international franchise growth. We wish Insomnia Cookies and their ownership group well as they work to realize the full potential of this unique brand."
Krispy Kreme is headquartered in Charlotte, North Carolina and has more than 17,500 fresh points of access.
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