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Article: Krispy Kreme Awards Hong Kong and Macau Development Rights.
- Article from:
- PR Newswire
- Article date:
- June 6, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WINSTON-SALEM, N.C., June 6 /PRNewswire-FirstCall/ -- Krispy Kreme Doughnuts, Inc. announced today that it has awarded Hong Kong and Macau development rights to Krispy Kreme Hong Kong Ltd., which is operated by Hong Kong-based businessmen Wayne and Brian Parfitt, successful operators of restaurants in Hong Kong and Vietnam. Krispy Kreme does not have an ownership position in Krispy Kreme Hong Kong.
Krispy Kreme's development agreement with Krispy Kreme Hong Kong calls for the development of approximately 20 locations over the next five years, with the first location scheduled to open in Hong Kong by fall 2006.
"This development agreement represents ...