Shares in Krispy Kreme received a boost yesterday (Thursday) after the US doughnut maker told regulators it had sold some of its investments in franchises and restructured some of its debt.
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The company told the US Securities and Exchange Commission that it had sold its stakes in Krispy Kreme Australia and in two franchisees in Pennsylvania, reported the Associated Press.
Krispy Kreme also said in its SEC filing that it had agreed to acquire the assets of KremeKo, a bankrupt Canadian franchisee, and that it was restructuring some debt and credit agreements with franchisees in the US, Australia, Canada and the UK, the Associated Press said.
