Krispy Kreme Investigation Now Formal

    Industry News | October 8, 2004
    Krispy Kreme Doughnuts was notified yesterday by the Securities and Exchange Commission that it had entered a formal order of investigation concerning the company. Prior to the announcement, the SEC's investigation into Krispy Kreme's franchise reacquisitions and reduction in earnings guidance was labeled as "informal."
    News and information presented in this release has not been corroborated by WTWH Media LLC.