Krispy Kreme Adds New Regions to Expansion Plans For Japan
WINSTON-SALEM, N.C., Nov. 30, 2011 // PRNewswire // -- Krispy Kreme Doughnut Corporation announced today that it has signed additional development agreements with its Japanese franchisee, Krispy Kreme Doughnut Japan Co., Ltd. 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 Co., Ltd. "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 Original Glazed® 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, Turkey, the United Arab Emirates, the United Kingdom and the United States.
About Krispy Kreme Doughnut Japan Co., Ltd.
Krispy Kreme Doughnut Japan Co., Ltd. is a licensed franchisee of Krispy Kreme Doughnut Corporation. Visit Krispy Kreme Doughnut Japan at http://krispykreme.jp/.
About Krispy Kreme
Krispy Kreme (NYSE: KKD) is a leading branded specialty retailer and wholesaler of premium quality sweet treats and complementary products, including its signature Original Glazed® doughnut. Headquartered in Winston-Salem, NC, the Company has offered the highest quality doughnuts and great tasting coffee since it was founded in 1937. Visit us at www.krispykreme.com.
Information contained in this press release, other than historical information, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's beliefs, assumptions and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. The words "believe," "may," "could," "will," "should," "anticipate," "estimate," "expect," "intend," "objective," "seek," "strive" or similar words, or the negative of these words, identify forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the quality of Company and franchise store operations; our ability, and our dependence on the ability of our franchisees, to execute on our and their business plans; our relationships with our franchisees; our ability to implement our international growth strategy; our ability to implement our new domestic operating model; currency, economic, political and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients; compliance with government regulations relating to food products and franchising; our relationships with off-premises customers; our ability to protect our trademarks and trade secrets; restrictions on our operations and compliance with covenants contained in our secured credit facilities; changes in customer preferences and perceptions; risks associated with competition; risks related to the food service industry, including food safety and protection of personal information; and increased costs or other effects of new government regulations relating to healthcare benefits. These and other risks and uncertainties, which are described in more detail in the Company's most recent Annual Report on Form 10-K and other reports and statements filed with the United States Securities and Exchange Commission, are difficult to predict, involve uncertainties that may materially affect actual results and may be beyond the Company's control, and could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on the Company. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.
Krispy Kreme, Brian K. Little, +1-336-726-8825, firstname.lastname@example.org
SOURCE Krispy Kreme Doughnut Corporation