WINSTON-SALEM, N.C.--(BUSINESS WIRE)--In its continuing effort to meet the growing demand around the country for its signature sweet treats, including its Original Glazed® doughnut, Krispy Kreme (NYSE:KKD) today announced it has signed a development agreement with Chicagoland Restaurants, LLC., to open eight shops in downtown Chicago and throughout Cook County, Ill., over the next few years.
“There’s a high demand for Krispy Kreme in the greater Chicagoland area,” said Patricia Perry, Krispy Kreme’s Vice President, US Franchise Development. “We are excited to be able to partner with Chicagoland Restaurants, an experienced and passionate group that will do an outstanding job of bringing the joy of Krispy Kreme to people throughout the area.”
Chicagoland Restaurants President, Rogelio Tovar, currently owns two successful car dealerships, and recently acquired Automated Merchandising Systems, a global manufacturer of high-quality vending machines. Operations Director Carlos Larcada has extensive restaurant experience serving in leadership roles with chains including Levy Restaurants in Chicago, China Grill Management in Los Angeles, and Sushi Maki Restaurants.
“We have a very dedicated team that is eager to turn on Krispy Kreme’s signature ‘Hot Doughnuts Now’ sign throughout the area,” said Tovar. “We look forward to exceeding our customer’s demands for Krispy Kreme’s highly regarded sweet treats and great tasting line of coffees.”
About Krispy Kreme
Krispy Kreme is a global retailer of premium-quality sweet treats, including its signature Original Glazed® doughnut. Headquartered in Winston-Salem, N.C., the company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme is proud of its Fundraising program, which for decades has helped organizations raise millions of dollars in needed funds. Krispy Kreme has more than 1,000 retail shops in 24 countries. Krispy Kreme is listed on the New York Stock Exchange (NYSE: KKD). For more information about Krispy Kreme visit www.KrispyKreme.com. Also visit us on Facebook at www.Facebook.com/KrispyKreme, on Twitter at www.Twitter.com/KrispyKreme, and on Instagram at www.Instagram.com/KrispyKreme.
Information contained in this press release, other than historical information, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management’s beliefs, assumptions and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact.
Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. The words “believe,” “may,” “forecast,” “could,” “will,” “should,” “would,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “strive” or similar words, or the negative of these words, identify forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the quality of Company and franchise store operations; our ability, and our dependence on the ability of our franchisees, to execute on our and their business plans; our relationships with our franchisees; our ability to implement our international growth strategy; our ability to implement our domestic small shop operating model; political, economic, currency and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients, and the price of motor fuel; our relationships with wholesale customers; our ability to protect our trademarks and trade secrets; changes in customer preferences and perceptions; risks associated with competition; risks related to the food service industry, including food safety and protection of personal information; compliance with government regulations relating to food products and franchising; increased costs or other effects of new government regulations relating to healthcare benefits; and risks associated with implementation of new technology platforms.
These and other risks and uncertainties, which are described in more detail in the Company’s most recent Annual Report on Form 10-K and other reports and statements filed with the United States Securities and Exchange Commission, are difficult to predict, involve uncertainties that may materially affect actual results and may be beyond the Company’s control, and could cause actual results, performance or achievements to be materially different from those expressed or implied by any of these forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on the Company. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.