Krispy Kreme Franchisee Opens First Store in Shanghai, China
35 Stores Are Planned For China Over The Next Five Years
WINSTON-SALEM, N.C. /PRNewswire-FirstCall via COMTEX News Network/ -- Krispy Kreme Doughnut Corporation today announced that its long-time franchise partner, KKD Lotte Holdings Company, Ltd., has opened the first Krispy Kreme doughnut shop in Shanghai, China. Shanghai is the largest city in China, and the new shop is located at the In-Point Shopping Mall on the vibrant Wu-Jiang pedestrian walkway. KKD Lotte also is Krispy Kreme's franchisee in the Republic of Korea and Japan.
This is the first of 35 Krispy Kreme shops the franchisee plans to open over the next five years. The shop will offer 16 varieties of Krispy Kreme doughnuts that will be made fresh daily, including the signature Original Glazed(R) doughnut.
"Our one-of-a-kind Krispy Kreme products are now available in the exciting city of Shanghai, China, and we are extremely pleased that our long-time franchise partner Lotte will be introducing them to consumers in that part of Asia," said Krispy Kreme President, International, Jeff Welch. "Lotte's QSR experience, and success with our brand in Korea and Japan, makes them uniquely qualified to share the Krispy Kreme experience with consumers in Shanghai."
"We are very excited about turning on the Krispy Kreme Hot Light at the very first store in Shanghai, China," said Kag Gyu Hwang, Executive Vice President of The Lotte Group and Chairman of the board of directors of KKD Lotte Holdings Company, Ltd. "We believe that Shanghai consumers are ready for the one-of-a-kind Krispy Kreme experience and that our guests will enjoy sharing Krispy Kreme's world-famous products with family and friends."
Currently, the Krispy Kreme Original Glazed(R) doughnut can be found in 19 countries, including the United States, Australia, Bahrain, Canada, China, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico, Qatar, the Republic of Korea, the Kingdom of Saudi Arabia, Turkey, the United Arab Emirates, and the United Kingdom.
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. Krispy Kreme is proud of its Fundraising program, which for decades has helped non-profit organizations raise millions of dollars in needed funds. Today, Krispy Kreme can be found in approximately 560 locations around the world. Krispy Kreme Doughnuts, Inc. (NYSE: KKD) is listed on the New York Stock Exchange.
About Lotte Group
The Lotte Group, which includes Lotte Shopping Company, LTD., is a large international conglomerate founded in 1967 in Seoul, Korea. The Lotte Group consists of over 50 business units in Korea employing more than 60,000 people engaged in such diverse industries as retail, confectionery manufacturing, beverages, hotels, fast food, financial services, chemicals, electronics, IT, construction, logistics, ads, and entertainment. Its major operations are in Korea, China, Russia, Vietnam, India, and Indonesia.
SOURCE Krispy Kreme Doughnut Corporation