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Article: KRISPY KREME AWARDS DEVELOPMENT RIGHTS TO AUSTRALIA AND NZ.
- Article from:
- AsiaPulse News
- Article date:
- June 7, 2002
CopyrightCOPYRIGHT 2002 Asia Pulse Pty Ltd. 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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(Full text of a statement. Contact details below.)
WINSTON-SALEM, N.C., June 5 /PRNewswire-AsiaNet/ -- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) today announced its first franchise agreement outside of North America, awarding development rights for Australia and New Zealand. Krispy Kreme will partner with Borderless Australia Pty Ltd to form Krispy Kreme Australia Pty Ltd (Krispy Kreme Australia). Krispy Kreme Australia will develop 30 stores over the next 5 years throughout Australia and New Zealand. Krispy Kreme Doughnuts, Inc. will retain a 35% equity interest in the new partnership, with Borderless Australia owning the remaining 65%.
Borderless ...