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“Krispy Kreme donut chain rebranded ‘Krunchy Dream’ in Russia” Krispy Kreme’s famed glazed donuts are now being served up in Russia by a local knockoff after the US company pulled up stakes following Vladimir Putin’s invasion of Ukraine. The new chain — owned by Arkady Novikov, Krispy Kreme’s former franchisee in Russia — has been…
“#Krispy Kreme valued at $2.62B in lukewarm stock market return” Krispy Kreme shares fell 4 percent in a tepid Nasdaq debut Thursday, valuing the maker of the “Original Glazed” doughnut at $2.62 billion in its return to the stock market five years after it was taken private. The stock opened at $16.30, lower than its $17 initial…
“#Yum! and 7-Eleven franchisee Ampex Brands buys Au Bon Pain” Yum! Brands and 7-Eleven franchisee Ampex Brands has purchased bakery and cafe chain Au Bon Pain, helping to expand its international reach. Financial terms were not disclosed. The seller was Panera Bread, part of privately held JAB Holding Co., which owns a range of companies…
“#Krispy Kreme says IPO valuation will heat up to nearly $4B” Krispy Kreme is targeting a valuation of nearly $4 billion in a US initial public offering, according to a regulatory filing on Tuesday, as the donut chain aims a return to the stock market to capitalize on the record capital markets activity. Known for…
“#NJ gym offers free memberships to non-vaccinated customers” A New Jersey gym owner is riffing on Krispy Kreme’s popular offer of free donuts for vaccinated customers — by handing out free memberships to people who don’t get vaccinated. Ian Smith, co-owner of The Atilis Gym, located in Bellmawr, NJ, tweeted out the provocative offer earlier…
“#Shaq’s historic Krispy Kreme store ‘gutted’ in Atlanta fire” A historic Krispy Kreme store owned by Shaquille O’Neal was burned to a Krisp in Georgia early Wednesday — but the hoops legend is promising a quick rebound. Videos showed flames ripping through the Atlanta store that has been a landmark for more than 60 years,…
“#Krispy Kreme unveils largest ‘hot sign’ at Times Square flagship store” The new flagship Krispy Kreme store in Times Square has unveiled its brand new and largest “Hot Sign” on Wednesday. The sign, which stands about above the entrance at a towering 15 feet and weighs about 8,000, lets all of New York know that…