WINSTON SALEM, N.C. - (BUSINESS WIRE) - Nov. 5, 2014 - Krispy Kreme (NYSE:KKD) announced today that it has signed a development agreement with its newest international franchisee, Orion Group, for 20 new stores throughout Bangladesh over the next five years.
"We are very grateful to Krispy Kreme for choosing us as its franchisee in developing the brand in Bangladesh," says Ifzal Ahmed, Board of Directors, Orion Group. "As the restaurant industry and consumer embracement of international food brands continue to grow in our country, we look forward to bringing Krispy Kreme’s unique products and in-store experience to Bangladesh consumers."
"We are excited to welcome Orion Group to the brand," said Dan Beem, Krispy Kreme President— International. "Orion Group has positioned itself as a market leader across multiple business sectors in Bangladesh. Their proven business aptitude and first-hand knowledge of Bangladesh’s rapidly growing consumer market will be indispensable assets in establishing the Krispy Kreme brand and experience in Bangladesh. We expect Krispy Kreme to become an integral part of Bangladesh‘s culture for many years to come."
Today, Krispy Kreme Original Glazed® doughnuts can be found in more than 875 locations in over 20 countries.
Orion Group is one of the leading conglomerates in Bangladesh with some of the units successfully listed on the Bangladesh Stock Exchange. Orion Group has assumed a leadership role in Hospitality, Pharmaceuticals, Cosmetics & Toiletries, Infrastructure Development, Real Estate & Construction, Power, High-tech Agro Products, Textiles & Garments, Aviation Management sectors.
Krispy Kreme (NYSE: KKD) 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 over 875 locations in more than 20 countries around the world. 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," "forecast," "could," "will," "should," "would," "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 domestic small shop operating model; political, economic, currency and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients, and the price of motor fuel; our relationships with wholesale customers; our ability to protect our trademarks and trade secrets; 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; compliance with government regulations relating to food products and franchising; increased costs or other effects of new government regulations relating to healthcare benefits; and risks associated with implementation of new technology platforms. 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, performance or achievements 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.
SOURCE Krispy Kreme
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