Krispy Kreme: signs agreements to open 36 shops in Latin America

Winston-Salem / NC. (kkd) Krispy Kreme Doughnuts Inc., member of the South Korean Lotte Group, announced its signature sweet treats will soon be available in Peru through a development agreement it has signed with Agape Coral SAC, to open 24 Krispy Kreme shops throughout the country over the next five years. The doughnut baker also announced it has signed a development agreement with Fraliment S.R.L. to open twelve Krispy Kreme shops in Bolivia over the next five years.

«The Krispy Kreme brand has done very well throughout Latin America over the past several years, and we are confident our signature sweet treats and coffee will be a hit in Peru», said Dan Beem, Krispy Kreme Doughnuts Senior Vice President and President – International. «Agape Coral is an experienced group that knows what it takes to give our guests that authentic Krispy Kreme experience».

«Bolivia is a growing market with a customer base that loves sweets so we believe this is the ideal time to be entering the market», said Beem. «We have partnered with a very strong franchisee group who are experts in the Bolivian market and consumer, and they know what it takes to create that iconic Krispy Kreme experience that is loved around the world» (Image: Krispy Kreme).