Krispy Kreme signs Malaysia franchise development deal
August 7, 2008
WINSTON-SALEM, N.C. — Krispy Kreme Doughnuts Inc. has entered into a franchise agreement with Berjaya Krispy Kreme Doughnuts Sdn Bhd in Malaysia for the development of approximately 20 Krispy Kreme retail shops over the next five years. Berjaya Krispy Kreme Doughnuts Sdn Bhd is a 70-percent-owned subsidiary of Berjaya Corp. Berhad.
Krispy Kreme operates restaurants in 14 countries.
Berjaya is a major Malaysian conglomerate listed on the Malaysian Stock Exchange, Bursa Malaysia Securities Berhad, with interests in property investment and development; vacation timeshare, hotels, resorts and recreation development; consumer marketing and direct selling as well as financial services and gaming. Berjaya currently holds the Starbucks, Wendy's, Kenny Rogers Roasters and Papa John's Pizza franchises in Malaysia.
