Krispy Kreme to expand into China
October 8, 2008
WINSTON-SALEM, N.C. — Krispy Kreme Doughnuts Inc. has entered into an agreement with KKD Lotte Holdings Co. Ltd. for the development of approximately 35 Krispy Kreme retail locations over the next four to five years in the metropolitan areas of Shanghai, Beijing and Tianjin, China. Lotte is also Krispy Kreme's franchisee in the Republic of Korea and Japan.
Krispy Kreme stores can be found in 16 countries. The company also recently announced franchise development agreements for the Republic of Turkey and Malaysia.
