July 26, 2017 3:02 AM ET

Hotels, Restaurants and Leisure

Company Overview of Krispy Kreme Doughnuts, Inc.

Company Overview

Krispy Kreme Doughnuts, Inc., together with its subsidiaries, operates as a branded retailer and wholesaler of doughnuts, coffee and other complementary beverages, and treats and packaged sweets. The company operates through four segments: Company Stores, Domestic Franchise, International Franchise, and KK Supply Chain. It owns and franchises Krispy Kreme stores. As of January 31, 2016, the company operated 297 Krispy Kreme stores in 41 states and in the District of Columbia; and operated 824 shops in 25 other countries worldwide. It also produces doughnut mixes and doughnut-making equipment. The company was founded in 1937 and is headquartered in Winston-Salem, North Carolina. As of July 27...

370 Knollwood Street

Winston-Salem, NC 27103

United States

Founded in 1937

3,200 Employees

Phone:

336-725-2981

Key Executives for Krispy Kreme Doughnuts, Inc.

Chairman, Chief Executive Officer and President
Age: 51
Chief Financial Officer, Executive Vice President and Treasurer
Age: 45
Chief Operating Officer and President of Krispy Kreme's International Division
Age: 54
Senior Vice President of Supply Chain Operations
Age: 46
Chief Accounting Officer, Vice President and Corporate Controller
Age: 51
Compensation as of Fiscal Year 2017.

Krispy Kreme Doughnuts, Inc. Key Developments

Krispy Kreme Doughnuts, Inc. Announces Executive Changes

Krispy Kreme Doughnuts, Inc. confirmed that Niren Chaudhary hired as president of company’s international division. He also takes over as chief operating officer. Chaudhary joined Yum Brands, which owns KFC, Taco Bell and Pizza Hut, in 1994. He took over as president of KFC's global operations in 2015. Chaudhary replaces Daniel Beem, who took over as president of the Krispy Kreme's international division in February 2014.

Krispy Kreme Doughnuts Inc. Announces Management Changes

The top executive at Krispy Kreme Doughnuts Inc., Tony Thompson, will leave the company at year’s end. Roof said Mike Tattersfield, the company’s chairman, will take over as chief executive on Jan. 1 while keeping his chief executive duties with Caribou Coffee and Einstein Bagels.

California Man Sues Krispy Kreme Doughnuts Inc. for False Advertising

Krispy Kreme Doughnuts Inc. is being sued for false advertising in federal court, accused of selling blueberry, maple and raspberry-filled doughnuts that don't contain any real fruit or maple syrup. The lawsuit was filed Nov. 9 in the Central District of California by a law firm - Faruqi & Faruqi LLP - that specializes in consumer class-action cases. The Winston-Salem company has not filed a response to the complaint by Jason Saidian, which contains 10 allegations. Company declined to comment, citing pending litigation. The complaint also seeks national class-action status. The plaintiff is requesting at least $5 million in damages as well as disgorging of profits made from the products. Company typically sells its variety doughnuts for $1.09 a piece and $8.99 for a dozen. The lawsuit is focused on company’s chocolate iced raspberry filled, glazed raspberry filled, maple iced glazed, maple bar, glazed blueberry cake and donut holes. Those items are sold in its doughnut shops. The lawsuit claims company shops do not provide an ingredient list for its doughnuts. The lawsuit claims Saidian purchased the raspberry doughnut because raspberries.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
October 4, 2016
Krispy Kreme UK Ltd.
 

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