Krispy Kreme Doughnut signs development agreement to open additional 23 stores in the Philippines over next five years
WINSTON SALEM, North Carolina
November 8, 2011
– Krispy Kreme Doughnut Corporation today announced that the Company has signed a new development agreement with its franchisee in the Philippines, The Real American Doughnut Company, Inc., under which the franchisee has agreed to open an additional 23 locations in the country over the next five years. The Real American Doughnut Company currently operates 26 doughnut shops across the country.
"We are excited about the continued growth of the Krispy Kreme brand in the Philippines with The Real American Doughnut Company, a two-time winner of the Krispy Kreme International Franchisee of the Year award," said Jeff Welch, Krispy Kreme President, International. "They are leaders at providing outstanding customer service and delivering the unique Krispy Kreme experience to our fans in the Philippines."
"With this long partnership, the love Philippine people have for the Krispy Kreme brand continues to grow," said Carolyn T. Salud, Managing Director, The Real American Doughnut Company, Inc. "We will continue to grow the Krispy Kreme brand and touch people's lives in the Philippines."
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 The Real American Doughnut Company, Inc.
The Real American Doughnut Company is a subsidiary of Max's Group of Companies, a leading family corporation with interests in restaurant operations in the Philippines, and the USA, Canada, Australia, and Dubai. The Real American Doughnut Company, Inc., is a licensed franchisee of Krispy Kreme Doughnut Corporation. Visit Krispy Kreme Philippines at www.KrispyKreme.com.ph.
About Krispy Kreme
Krispy Kreme (NYSE:KKD - News) 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.