Krispy Kreme inks franchise deal for Malaysia
August 08, 2008
by Eric Schroeder
WINSTON-SALEM, N.C. — Krispy Kreme Doughnuts, Inc. announced it has entered into a franchise agreement with Berjaya Krispy Kreme Doughnuts Sdn Bhd in Malaysia for the development of approximately 20 Krispy Kreme retail shops over the next five years. Berjaya Krispy Kreme Doughnuts Sdn Bhd is a 70% owned subsidiary of Berjaya Corporation Berhad (BCorporation). "The addition of Krispy Kreme will strategically complement and widen BCorporation’s existing food and beverage operations," said Tan Sri Dato’ Seri Vincent Tan, chairman and chief executive officer of BCorporation, which also holds the Starbucks, Wendy’s, Kenny Rogers Roasters and Papa John’s Pizza franchises in Malaysia. "We are delighted to enter into a franchise relationship with Krispy Kreme and be part of their international expansion in Asia. Krispy Kreme is very popular in Japan, South Korea and Philippines and we expect Krispy Kreme to do well in Malaysia as well." Krispy Kreme donuts are available in 14 countries, including the United States, Australia, Canada, Hong Kong, Indonesia, Japan, Kuwait, Mexico, the Philippines, the Republic of South Korea, Qatar, the Kingdom of Saudi Arabia, the United Arab Emirates, and the United Kingdom.