Krispy Kreme UK Ltd (KKUK), the UK arm of Krispy Kreme which is headquartered in Surrey, has been acquired by its American parent company for an undisclosed sum.
Management and shareholders of KKUK received an offer and, after reviewing the offer, agreed to the sale with Krispy Kreme Group on 2 October. The transaction is expected to be completed by the end of the month.
The UK division will continue to operate as normal and all staff and management have been retained as part of the transaction.
Mike Dowell, CEO of Krispy Kreme UK Ltd, said: “Today’s announcement is very exciting for our business and all of our people.
“Krispy Kreme Group has been very supportive of our progress and growth over recent years and we look forward to working more closely with them as we continue to grow the brand in the UK and Ireland.
“I would like to take this opportunity to thank our outgoing shareholders, Alcuin Capital and Indigo Capital, for all of their support and guidance over the last five years.”
Tony Thompson, CEO at Krispy Kreme Group, added: “We are excited to be able to partner directly with the existing management team and staff to deliver the next chapters of growth in the UK and Ireland.
“The existing team has done a tremendous job building the business over the past 14 years and we look forward to continuing to share the joy that is Krispy Kreme with their expertise.
“We support the management team's vision and strategy and will work together with them building on our Krispy Kreme culture, values and commitment to our customers and guests.”
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