The doughnut chain has signed a definitive agreement to take majority control of franchisee and operator Krispy K Canada.
The agreement is in line with Krispy Kreme’s strategic transformation, driven in large by increased control over its operations. Once the deal is completed, Krispy Kreme will control 75 per cent of sales across its global network. The investment in Canada also builds on the company’s international growth momentum and expansion into new markets around the world.
Krispy K Canada operating partners Christopher Lindsay and Kelcey Hamaker will remain as co-CEOs of the entity after the transaction is completed. They will continue to manage the day-to-day operations of Krispy K Canada shops.
“We are extremely excited to partner with Chris and Kelcey to help them deliver on their vision and expand our reach in Canada, tapping into their local experience to accelerate our growth,” said Mike Tattersfield, CEO of Krispy Kreme. “Through our global transformation, we have laid the groundwork to capitalise on the runway for growth in Canada by deploying our omni-channel strategy.”
