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Krispy Kreme signs franchise development agreement for Thailand
October 29, 2009
Krispy Kreme Doughnut Corp. continues to expand its international presence. Following last week's announcement of a multiunit franchise development agreement for the Dominic Republic, the company has since signed one for Thailand.
KDN Co. Ltd. has signed an agreement for the development of 20 franchise Krispy Kreme retail shops in Thailand over the next five years. KDN Co. Ltd. is majority owned and operated by Ausanee Mahagitsiri, eldest child of Thai industrialist Prayudh Mahagitsiri.
"With KDN Company Limited, we have found a franchise partner in Thailand with a true passion for the Krispy Kreme brand and our world famous products," said Jeff Welch, Krispy Kreme president, international. "We believe that their unique and sound understanding of the Thai consumer, combined with their years of successful business experience across a variety of consumer industries, is a strong asset for them as they establish the Krispy Kreme brand in Thailand."
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.
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