Chain: Krispy Kreme

Krispy Kreme Awards Middle East Development Rights

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 Names New CEO

Krispy Kreme
Doughnuts, Inc. today announced the appointment of Daryl G. Brewster as president and CEO, effective immediately

Krispy Kreme Ends Relationship With Houston Area Franchisee

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 Completes Additional Restructuring Initiatives

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.

Troubled Doughnut-Maker Alters Ownership of Foreign Franchises

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.

Krispy Kreme subsidiary files for bankruptcy

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.

Krispy Kreme Sued by California Franchisee

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 Exec McAleer to Leave Post

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.

Krispy Kreme Names New CEO and President

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.

Krispy Kreme Continues to Struggle

“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 Investigation Now Formal

Krispy Kreme Doughnuts was notified yesterday by the Securities and Exchange Commission that it had entered a formal order of investigation concerning the company.

Krispy Kreme’s COO Resigns

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.

Krispy Kreme Puts Doughnut Flavor in a Drink

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.