Krispy Kreme Opens Its First Store in Malaysia
20 New Shops Are Planned For The Country Over The Next Five Years
Winston-Salem, N.C., /PRNewswire-FirstCall via COMTEX News Network/ -- Krispy Kreme Doughnuts, Inc. (NYSE: KKD) today announced that its franchisee, Berjaya Krispy Kreme Doughnuts Sdn Bhd, has opened the first Krispy Kreme doughnut shop in Malaysia. Berjaya Krispy Kreme Doughnuts Sdn Bhd is a 70% owned subsidiary of Berjaya Corporation Berhad (BCorporation).
The new shop is located at the Berjaya Times Square complex in Kuala Lumpur and is the first of 20 Krispy Kreme shops the franchisee plans to open in the market over the next five years. Located in the heart of one of Malaysia's busiest metropolitan areas, the shop will offer Krispy Kreme's unique doughnut varieties, as well as coffees and espresso drinks, and iced beverages.
"Our expansion into Malaysia is exciting for us as we continue our growth in that part of the world, and we are pleased to be associated with BCorporation, a well respected QSR franchisee," said Jim Morgan, Chief Executive Officer of Krispy Kreme. "We are confident in BCorporation's ability to develop the Krispy Kreme brand in the market."
"Krispy Kreme is a very popular brand in Asia, and we are delighted to add the concept to BCorporation's existing food and beverage operations," said Tan Sri Dato' Seri Vincent Tan, Chairman and Chief Executive Officer of BCorporation. "We are pleased to be able to bring the one-of-a-kind Krispy Kreme products to this market."
Currently, the Krispy Kreme Original Glazed(R) doughnut can be found in 16 countries, including the United States, Australia, Bahrain, Canada, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, the Republic of Korea, Qatar, the Kingdom of Saudi Arabia, the United Arab Emirates and the United Kingdom. The Company also has announced franchise development agreements for the Republic of Turkey and China.
About Krispy Kreme
Krispy Kreme is an international 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. Today, Krispy Kreme can be found in approximately 520 locations around the world.
About Berjaya Corporation Berhad
Berjaya Corporation Berhad is a major Malaysian conglomerate listed on the Malaysian Stock Exchange, Bursa Malaysia Securities Berhad, with interests in property investment and development; vacation timeshare, hotels, resorts and recreation development; consumer marketing and direct selling; financial services and gaming. Berjaya currently holds the Starbucks, Wendy's, Kenny Rogers Roasters and Papa John's Pizza franchises in Malaysia.
SOURCE Krispy Kreme Doughnuts, Inc.