Krispy Kreme joins hands with Orion Group

Krispy Kreme Doughnuts Inc. has signed a development agreement with international franchisee Orion Group to open 20 stores in Bangladesh over the next five years.

krispyDan Beem, president of Winston-Salem-based Krispy Kreme’s international arm, said in a press release Wednesday that Orion Group had positioned itself as a market leader in multiple business sectors in Bangladesh.

“Their proven business aptitude and first-hand knowledge of Bangladesh’s rapidly growing consumer market will be indispensable assets in establishing the Krispy Kreme brand and experience in Bangladesh,” Beem said. “We expect Krispy Kreme to become an integral part of Bangladesh’s culture for many years to come.”

Krispy Kreme (NYSE: KKD) has 875 locations in more than 20 countries and is in the middle of an ambitious domestic and international growth plan.

-Triad Business Journal