Krispy Kreme plans to buy majority stake in cookie delivery company Insomnia
Story Date: 7/24/2018

 

Source: Richard Craver, WINSTON-SALEM JOURNAL, 7/20/18


Krispy Kreme Doughnuts Inc. is adding to the food-industry buying spree of parent company JAB Holdings Inc. with plans to buy a majority stake in Philadelphia’s Insomnia Cookies. Neither the transaction price nor the ownership stake was disclosed by the companies. Insomnia, known for its late-night cookie delivery services, has 135 stores nationwide, typically near college campuses. Among its eight stores in North Carolina are locations in Boone and Greensboro.

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