Industry News | February 10, 2006
Krispy Kreme Ends Relationship With Houston Area Franchisee
As of March 8, 2006, Lone Star's six locations will cease to be operated as Krispy Kreme stores. "Krispy Kreme remains committed to developing the brand in the Houston market and plans to re-establish stores in the area at the appropriate time," said Steve Panagos, President and Chief Operating Officer of Krispy Kreme. As a result of the agreement, the parties have settled all outstanding disputes and claims, including the dismissal of a lawsuit filed by Lone Star against Krispy Kreme Doughnut Corporation.
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