Krispy Kreme announces new development agreement with Dulce Restaurants to develop 10 new locations in Houston over next five years

WINSTON-SALEM, North Carolina , December 2, 2013 (press release) – Krispy Kreme (KKD) announced today that it has signed a development agreement with Dulce Restaurants, LLC, to develop 10 new Krispy Kreme shops in Houston over the next five years.

Dulce Restaurants, LLC, a subsidiary of Dallas-based Sun Holdings, LLC, currently operates three Krispy Kreme locations in Dallas, and has plans to open an additional 15 Dallas shops through 2018.

"Seeing the response and admiration for Krispy Kreme and our Original Glazed® doughnuts in Dallas has been a rewarding experience for me and my team," said Guillermo Perales, President and CEO of Sun Holdings, LLC. "With our plans to continue developing the Dallas market now finalized and underway, we are excited by the opportunity to expand our relationship with Krispy Kreme and to make our one-of-a-kind sweet treats available in Houston."

"We are thrilled that Dulce Restaurants has chosen to add portions of Houston to its development plans," said Patricia Perry, Vice President – Domestic Franchise Development at Krispy Kreme. "Mr. Perales and his team bring extensive guest relations and operational experience, as well as a longstanding and successful history in the market."

The new Houston shops will offer more than a dozen varieties of Krispy Kreme's one-of-a-kind doughnuts, including the signature hot Original Glazed®, as well as a complete menu of coffee, Krispy Kreme Chillers®, iced beverages and specialty drinks.

Krispy Kreme currently has over 240 shops in the United States, of which approximately 150 are franchised. Additionally, the Company has over 560 locations in 22 countries outside the United States, all of which are franchised.

About Sun Holdings, LLC

In 1997, Mr. Perales founded Sun Holdings, LLC, and opened his first Golden Corral restaurant. In just 16 years, Mr. Perales has guided his company through rapid growth by instilling a strong foundation for strategic business development. His expertise in restaurant operations and his development choices quickly vaulted Mr. Perales to become the largest Latino franchisee in the United States and one of the top ten in the country with almost 400 restaurants in his portfolio, including, in addition to Krispy Kreme, the Burger King, Popeye's, Arby's, CiCi's, and Golden Corral brands. The company also operates 13 T-Mobile stores.

About Krispy Kreme

Krispy Kreme is a global retailer of premium-quality sweet treats, including its signature Original Glazed(R) doughnut. Headquartered in Winston-Salem, N.C., the Company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme is proud of its Fundraising program, which for decades has helped non-profit organizations raise millions of dollars in needed funds. Krispy Kreme can be found in over 810 locations in 23 countries around the world.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.