American City Business Journals:
Winston-Salem-based Krispy Kreme Doughnuts Inc. announced Tuesday it has reached a franchise agreement with a division of the Almana Group to develop 25 retail locations during the next five years in Istanbul, Turkey.
Almana Group also operates franchises for KFC and Pizza Hut in Turkey.
“We’re confident that the Almana Group, with their extensive restaurant experience, is uniquely qualified to introduce Krispy Kreme in this important marketplace,” said Jeff Welch, senior vice president and general manager of global franchise operations and development for Krispy Kreme.
About three-fourths of Krispy Kreme’s total stores are operated by franchisees, and half are located outside the United States. Turkey will be the 15th country where the company’s doughnuts are available.
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