Global retailer Krispy Kreme to open 31 shops in SA over next five yearsGlobal retailer Krispy Kreme has announced that it has signed a development agreement with local company KK Doughnuts SA (Pty) Ltd to open 31 Krispy Kreme shops in South Africa over the next five years. This marks the company’s first venture into Africa.
Fournews (Pty) Ltd., and John & Gerry’s Brands (Pty) Ltd., are the principal owners of KK Doughnuts SA. Majority owner, Fournews (Pty) Ltd, a 20-year-old South African company who have their footprints firmly placed throughout South Africa and are steadily expanding into Africa, currently operate six other well established brands: Cafe Fino, News Cafe, Smooch, Moyo, illy GO! and with Brooklyn Brothers soon to launch.
“With our 15 years of experience in the industry and our joint venture with Fournews, we are extremely proud to bring this iconic global brand that is Krispy Kreme, into the South African market,” said Gerry Thomas, CEO of KK Doughnuts SA. “The South African consumer is looking for quality and value, which is exactly what Krispy Kreme delivers. We’re confident that this popular international brand will quickly become a South African favourite.”
Dan Beem, Krispy Kreme’s Senior Vice President and President – International commented, “From Asia to the Middle East and now to Africa, the global demand for Krispy Kreme and its signature sweet treats continues to grow. We’ve partnered with an outstanding operator who has vast experience in food service throughout South Africa. We’re confident Krispy Kreme will establish itself as the country’s premiere sweet treats provider under their leadership.”
Krispy Kreme’s Original Glazed® doughnuts, great tasting coffee and other assorted sweet treats can be found in more than 1,000 shops in 24 countries.