Krispy Kreme restructures Western US JV and sells Japan business

Krispy Kreme has reported further progress on its plan to cut debt and pivot to a capital-light model by completing two transactions in the US and Japan. The doughnut chain has completed a deal with WKS Restaurant Group to reshape its Western US joint venture (JV). Under the revised structure, WKS has lifted its ownership in the JV from 45% to 80%. As part of the deal, 23 company-run shops in California and Hawaii have been transferred into the JV. These outlets join an existing network of 50 shops alr ...