USA: Krispy Kreme enters five new markets, increases store opening guidance for FY03
Winston-Salem, North Carolina-based Krispy Kreme Doughnuts is to expand into five new markets in three states, Texas, Wyoming and Montana, through three established franchisee groups. KK-TX will be developing stores over the next five years in Lubbock and Amarillo, Texas. Hal Smith, who is the current Krispy Kreme franchisee for Oklahoma City and Tulsa, Oklahoma, will become managing partner of the new venture. Smith is the former president of Steak & Ale, president/COO of Chili's, and chairman, CEO and president of Chi-Chi's Mexican Restaurants.
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