Krispy Kreme (NYSE: KKD) announced today that it has extended its
development agreement with LLC Doughnuts Café, to include the
development of 15 new doughnut shops throughout the greater St.
Petersburg area over the next five years. LLC Doughnuts Café, wholly
owned and operated by Arkady Novikov, has been Krispy Kreme’s
Moscow-area franchise partner since April 2012.
The planned greater St. Petersburg area shops will feature an assortment
of iced, glazed, and filled doughnuts, including the brand’s signature
Original Glazed® doughnut, and an array of premium coffees, espressos,
teas and iced beverages. The shops are also expected to feature the
Company’s iconic Hot Light™.
"We are thrilled to be bringing Krispy Kreme to the St. Petersburg
area,” said Mr. Novikov, Owner and Operator, LLC Doughnuts Café. “This
expansion of our partnership with Krispy Kreme is a reflection of our
continued commitment to growing with the brand, and to sharing its
iconic products and experiences with fans throughout Russia.”
“The LLC Doughnuts Café team has developed an outstanding franchise
operation in Moscow, and has delivered on their commitment to providing
high quality products and exceptional customer service to their guests,”
said Dan Beem, Krispy Kreme, President - International. “We are
delighted to partner with them in making the Krispy Kreme brand even
more accessible to our doughnut and coffee fans in Russia.”
About LLC Doughnuts Cafe
LLC Doughnuts Cafe is a licensed franchisee of Krispy Kreme Doughnut
Corporation in Moscow and St. Petersburg, Russia wholly owned and
operated by Arkady Novikov. Mr. Novikov also owns and operates the
Moscow based Novikov Restaurant Group. The Novikov Restaurant Group
includes a variety of businesses located in Moscow, St. Petersburg and
London, U.K. including more than 40 stand-alone family and fine dining
restaurants plus the casual dining chains Barashka, Kish Mish, Delis
Cafe and Prime Star. In addition, the Novikov Restaurant Group owns and
operates the karaoke bar Krik, seafood supplier NRG, agricultural
enterprise Agronom, florist chain Flower Studio 55, professional
catering company Novikov Catering, luxury real estate firm Mainstreet
and the balanced food project Just for You.
About Krispy Kreme
Krispy Kreme is a leading branded specialty retailer and wholesaler of
premium quality sweet treats and complementary products, including its
signature Original Glazed® doughnut. Headquartered in
Winston-Salem, NC, the Company has offered the highest quality doughnuts
and great tasting coffee since it was founded in 1937. Today, there are
over 925 Krispy Kreme shops in more than 20 countries around the world.
Connect with Krispy Kreme at www.krispykreme.com.
Information contained in this press release, other than historical
information, should be considered forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are based on management’s beliefs,
assumptions and expectations of our future economic performance,
considering the information currently available to management. These
statements are not statements of historical fact. Forward-looking
statements involve risks and uncertainties that may cause our actual
results, performance or financial condition to differ materially from
the expectations of future results, performance or financial condition
we express or imply in any forward-looking statements. The words
“believe,” “may,” “forecast,” “could,” “will,” “should,” “would,”
“anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,”
“strive” or similar words, or the negative of these words, identify
forward-looking statements. Factors that could contribute to these
differences include, but are not limited to: the quality of Company and
franchise store operations; our ability, and our dependence on the
ability of our franchisees, to execute on our and their business plans;
our relationships with our franchisees; our ability to implement our
international growth strategy; our ability to implement our domestic
small shop operating model; political, economic, currency and other
risks associated with our international operations; the price and
availability of raw materials needed to produce doughnut mixes and other
ingredients, and the price of motor fuel; our relationships with
wholesale customers; our ability to protect our trademarks and trade
secrets; changes in customer preferences and perceptions; risks
associated with competition; risks related to the food service industry,
including food safety and protection of personal information; compliance
with government regulations relating to food products and franchising;
increased costs or other effects of new government regulations relating
to healthcare benefits; and risks associated with implementation of new
technology platforms. These and other risks and uncertainties, which are
described in more detail in the Company’s most recent Annual Report on
Form 10-K and other reports and statements filed with the United States
Securities and Exchange Commission, are difficult to predict, involve
uncertainties that may materially affect actual results and may be
beyond the Company’s control, and could cause actual results,
performance or achievements to be materially different from those
expressed or implied by any of these forward-looking statements. New
factors emerge from time to time, and it is not possible for management
to predict all such factors or to assess the impact of each such factor
on the Company. Any forward-looking statement speaks only as of the date
on which such statement is made, and the Company does not undertake any
obligation to update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made.
Copyright Business Wire 2015