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Source: PRESS RELEASE, 1/16/13
Krispy Kreme Doughnut Corporation announced today that it will open its first franchise location in India on January 19 in the city of Bangalore. Bangalore is India's 3rd largest city, a cosmopolitan city that is the center of India's growing IT sector and home to many well recognized universities and research institutes.
In June 2012, the Company announced a new partnership with Citymax Hotels Pvt. Ltd. for the development of 80 franchise Krispy Kreme retail locations over 5 years in the South and West regions of India. Citymax Hotels Pvt. Ltd. is part of the Dubai-based Landmark Group, one of the largest and most respected retailers in India and the Middle East.
"Our new partnership with Citymax Hotels Pvt. Ltd. represents the extraordinary growth opportunity we believe exists for the Krispy Kreme brand in India," said Jeff Welch, Krispy Kreme president, international. "Working with Citymax Hotels, we are delighted to introduce the Indian consumer to the Krispy Kreme experience, including our one-of-a-kind Doughnut Theatre."
"We are excited to introduce the world famous Krispy Kreme experience and hot Original Glazed® doughnut to India. Apart from presenting its most popular and freshly prepared recipes from across the world, Citymax Hotels and Krispy Kreme will work together to make some local adaptations to suit the Indian palate as the brand reaches out to a wide consumer base," said Mr.Vishal Sawhney, President – Citymax Hospitality, India.
The Krispy Kreme Original Glazed® doughnut can be found in over 730 locations in 22 countries, including Australia, Bahrain, Canada, China, Dominican Republic, India, Indonesia, Japan, Kuwait, Lebanon, Malaysia, Mexico, the Philippines, Puerto Rico, the Republic of Korea, Qatar, the Kingdom of Saudi Arabia, Thailand, Turkey, the United Arab Emirates, the United Kingdom and the United States.
About Citymax Hotels Pvt. Ltd.
Citymax Hotels Pvt. Ltd. is a licensed franchisee of Krispy Kreme Doughnut Corporation for the South and West regions of India. Citymax Hotels Pvt. Ltd. is part of the Dubai-based retail giant Landmark Group, one of the largest and most respected retailers in India and the Middle East. The group is well known for its Lifestyle and Max chain of retail stores in India. Bringing customers a variety of choices, Citymax Hotels Pvt. Ltd. operates food and beverage entities and the largest enterntainment centers across the country. To learn more, visit www.citymaxindia.com.
About Krispy Kreme
Krispy Kreme (NYSE: KKD) 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. Connect with Krispy Kreme at krispykreme.com and on Facebook, Foursquare, Twitter and YouTube.
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