Krispy Kreme Refinances $160M of Debt
After last Friday’s stock markets closed, Krispy Kreme announced a deal that should cut the company’s interest costs.
After last Friday’s stock markets closed, Krispy Kreme announced a deal that should cut the company’s interest costs.
Krispy Kreme’s new yeast doughnut hole cup will be available in convenience stores nationwide in January.
For some underserved children across the country, the holidays will be just a little bit sweeter because of Krispy Kreme Doughnuts, Inc. continuous partnership with the 13th Annual “Today Show Toy Drive.”
Krispy Kreme
Doughnuts, Inc. announced today that it has awarded Middle East
development rights to the Americana Group, the region’s leading restaurant,
food processing, distribution and retail company. Key markets will include,
among others: Egypt, Kuwait, Saudi Arabia and the United Arab Emirates.
Krispy Kreme
Doughnuts, Inc. today announced the appointment of Daryl G. Brewster as president and CEO, effective immediately
Krispy Kreme
Doughnuts, Inc. yesterday announced that Krispy Kreme Doughnut
Corporation, its wholly-owned subsidiary, has reached a mutual agreement with
its Houston area franchisee, Lone Star Doughnuts, Ltd., to end their existing
franchisor-franchisee relationship.
Krispy Kreme Doughnuts, Inc. announced today that its wholly-owned subsidiary, Krispy Kreme Doughnut Corporation (“KKDC”), reached an agreement with Jan Dough, LLC, KKDC’s joint venture partner in New England Dough, LLC, regarding the distribution of New England Dough’s assets.
Krispy Kreme Doughnuts Inc. has shed some of its investments in overseas franchises and restructured some of its debt agreements, the company revealed in a complicated filing with the Securities and Exchange Commission Thursday morning. It also agreed to acquire the assets of a bankrupt Canadian franchisee, bizjournals.com reports today.
U.S. doughnut maker and retailer Krispy Kreme has announced that Freedom Rings, its majority-owned subsidiary and franchisee partner in the Philadelphia region, has filed a voluntary petition for Chapter 11 bankruptcy with the Delaware Bankruptcy Court.
In view of the unusual market activity in the Company’s stock today and the numerous inquiries it has received, Krispy Kreme Doughnuts, Inc. (NYSE: KKD – News) issued the following statement:
Krispy Kreme Doughnuts Inc., which is grappling with declining sales, accounting problems and numerous government probes, said Thursday it has been served with a lawsuit filed by a franchisee in Southern California, the Associated Press reports.
Krispy Kreme Doughnuts Inc. said Thursday the son of one of the company’s earliest franchisees will leave his executive position this month to pursue personal interests.
Throughout the month of August, moms who join ClubMom will receive an e-coupon for a free 12-oz Signature Coffee and Original Glazed Doughnut from Krispy Kreme.
Krispy Kreme Doughnuts, Inc. announced today that Douglas R. Muir has been appointed as the company’s Chief Accounting Officer.
Krispy Kreme Doughnuts Inc. has forced out six company officers after a special board committee looking into the restaurant chain’s accounting practices said they should be “discharged.”
Fundraising program hopes to raise money and awareness for Special Olympics.
The doughnut chain plans to reduce its employee count and carry out other restructuring actions.
Executives from Kroll Zolfo Cooper LLC, the company Krispy Kreme newly retained as its financial advisor and management consultant, will replace Scott Livengood in the CEO and president roles.
“Clearly we are disappointed with our third quarter results,” said CEO Livengood. “We are focused on addressing the challenges facing the company and regaining our business momentum.”
Krispy Kreme Doughnuts was notified yesterday by the Securities and Exchange Commission that it had entered a formal order of investigation concerning the company.
Sutton and Thomas will co-chair a newly formed special committee to investigate the SEC’s inquiry into Krispy Kreme’s franchise reacquisitions and reduction in earnings guidance.
The change comes in the wake of the company’s first earnings loss and the announcement that the Securities and Exchange Commission would conduct an informal inquiry.
In the face of the SEC’s “informal inquiry,” Krispy Kreme CEO Scott Livengood says he remains confident in his company’s business practices.
Krispy Kreme is introducing a new line of frozen blended beverages.
The four flavors include raspberry, latte, and double chocolate, but perhaps the most notable is the Frozen Original Kreme.