Seattle-based KremeWorks LLC, run by Gerard Centioli, will ownthe store. Some 30 locations are planned in Washington, Oregon,Alaska, Hawaii and British Columbia in the next six years. Thefranchises are normally 4,000-sf, stand-alone buildings with adrive-thru.
Krispy Kreme was founded in 1937. It operates 182 stores in 29states. The company went public at around $29 per share and wastrading in the $90s before a two-for-one stock split in June. Inafter noon trading Monday, shares were trading for $30.74, about inthe middle of its adjusted 52-week range.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
