4 days ago
Krispy Kreme Unveils Turnaround Plan With US Stake Cut, Global Re-Franchising
Krispy Kreme Inc. will cut its ownership stake in its Western US joint venture as part of its turnaround plan, after the company ended its distribution partnership with McDonald's Corp. last month.
The doughnut chain has also started re-franchising international markets including Australia, Japan and the UK, it said in a statement Thursday.
