Krispy Kreme Doughnut Corporation announced that it entered into a franchise development agreement with Dominspec, S.A. for the development of 14 Krispy Kreme shops over the next five years in the Dominican Republic. Dominspec, S.A. is a quick-service restaurant conglomerate that operates Burger King and Papa John's restaurants in the Dominican Republic.
"Having an experienced and successful franchise partner like Dominspec, S.A. introduce Krispy Kreme in the Dominican Republic is a great opportunity for Krispy Kreme," says Jeff Welch, Krispy Kreme president of international. "Dominspec, S.A. has significant [quick-serve] experience and we look forward to working with them to share the one-of-a-kind Krispy Kreme experience with consumers there."
"The addition of Krispy Kreme will strategically complement and widen Dominspec, S.A. existing food and beverage operations," says Isabel Turull, managing operator of Dominspec, S.A. "We are delighted to enter into a franchise relationship with Krispy Kreme and be part of their international expansion. Krispy Kreme is a well-known brand around the world with terrific tasting unique products and we expect Krispy Kreme to do very well in the Dominican Republic."