Winston-Salem / NC. (kkd) Krispy Kreme Doughnuts Inc., member of the South Korean Lotte Group, announced that it has signed additional development agreements with its Japanese franchisee, Krispy Kreme Doughnut Japan Co. Limited. As part of the new agreements, the franchisee will build an additional 19 locations over the next five years that will be located in the Kyushu and Chugoku regions of Japan.
The Company recently announced the development of 73 new locations in the Kanto, Kansai and Chubu regions of the country. «This expanded commitment by our Japanese franchise partners speaks to the confidence we all have in the success of this relationship», said Jeff Welch, Krispy Kreme President, International. «We are very excited about the possibilities this region of the world holds for Krispy Kreme».
«We believe in the Krispy Kreme brand and look forward to sharing the experience with more of the Japanese people», said Shinichi Uetadani, CEO of Krispy Kreme Doughnut Japan. «Being part of Krispy Kreme´s international growth is very exciting for us and we are happy to represent the company in Japan».
Currently, the Krispy Kreme doughnut can be found in over 675 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, Türkiye, the United Arab Emirates, the United Kingdom and the United States. Krispy Kreme Doughnut Japan is a licensed franchisee of Krispy Kreme Doughnut Corporation.