WINSTON-SALEM, N.C.
, -- Krispy Kreme Doughnut Corporation announced today that it
has signed a new development agreement with its
franchisee
in the United Kingdom, Krispy Kreme UK, Ltd., under which the
franchisee
has agreed to open an additional 35 locations in the UK over the
next six years. Krispy Kreme UK, Ltd. currently operates 45
doughnut shops across the country.
"There is a lot of excitement and energy around the Krispy Kreme
brand and our products in the UK," said Jeff Welch, Krispy Kreme
President, International. "Our
franchise
partners in the UK are seasoned operators and we look forward to
continued success in that market."
Richard Cheshire, Joint Managing Director, Krispy Kreme UK, Ltd.,
commented, "We continue to be delighted by and hugely
appreciative of the UK's passion for Krispy Kreme. We have worked
hard over the last eight years to successfully grow the brand
here and now look forward to building on that success in the
future by bringing the Krispy Kreme experience to more people in
more places across the country."
Currently, the Krispy Kreme Original Glazed® doughnut can be
found in over 660 stores in 21 countries, including Australia,
Bahrain, Canada, China, Dominican Republic, Indonesia, Japan,
Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico,
the Republic of Korea, Qatar, the Kingdom of Saudi Arabia,
Thailand, Turkey, the United Arab Emirates, the United Kingdom
and the United States.
About Krispy Kreme UK, LTD.
Krispy Kreme UK, Ltd is the licensed
franchisee
of Krispy Kreme Doughnut Corporation for the United Kingdom and
Ireland. The company currently operates 45 Krispy Kreme shops and
serves over 300 off premises locations. Visit Krispy Kreme UK at
www.krispykreme.co.uk.
About Krispy Kreme
Krispy Kreme (
KKD
) is a leading branded specialty retailer and wholesaler of
premium quality sweet treats and complementary products,
including its signature Original Glazed®
doughnut
. Headquartered in Winston-Salem, NC, the Company has offered the
highest quality
doughnuts
and great tasting coffee since it was founded in 1937. Visit us
at www.krispykreme.com.
Information contained in this press release, other than
historical information, should be considered forward-looking
statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements are
based on management's beliefs, assumptions and expectations of
our future economic performance, considering the information
currently available to management. These statements are not
statements of historical fact. Forward-looking statements involve
risks and uncertainties that may cause our actual results,
performance or financial condition to differ materially from the
expectations of future results, performance or financial
condition we express or imply in any forward-looking statements.
The words "believe," "may," "could," "will," "should,"
"anticipate," "estimate," "expect," "intend," "objective,"
"seek," "strive" or similar words, or the negative of these
words, identify forward-looking statements. Factors that could
contribute to these differences include, but are not limited to:
the quality of Company and
franchise
store operations; our ability, and our dependence on the ability
of our franchisees, to execute on our and their business plans;
our relationships with our franchisees; our ability to implement
our international growth strategy; our ability to implement our
new domestic operating model; currency, economic, political and
other risks associated with our international operations; the
price and availability of raw materials needed to produce
doughnut mixes and other ingredients; compliance with government
regulations relating to food products and franchising; our
relationships with off-premises customers; our ability to protect
our trademarks and trade secrets; restrictions on our operations
and compliance with covenants contained in our secured credit
facilities; changes in customer preferences and perceptions;
risks associated with competition; risks related to the food
service industry, including food safety and protection of
personal information; and increased costs or other effects of new
government regulations relating to healthcare benefits. These and
other risks and uncertainties, which are described in more detail
in the Company's most recent Annual Report on Form 10-K and other
reports and statements filed with the United States Securities
and Exchange Commission, are difficult to predict, involve
uncertainties that may materially affect actual results and may
be beyond the Company's control, and could cause actual results
and developments to be materially different from those expressed
or implied by any of these forward-looking statements. New
factors emerge from time to time, and it is not possible for
management to predict all such factors or to assess the impact of
each such factor on the Company. Any forward-looking statement
speaks only as of the date on which such statement is made, and
the Company does not undertake any obligation to update any
forward-looking statement to reflect events or circumstances
after the date on which such statement is made.
SOURCE Krispy Kreme Doughnut Corporation