Krispy Kreme Signs Alaska Development Agreement

Krispy Kreme (NYSE: KKD) announced that it has signed an agreement with North to Alaska, LLC for the development of four Krispy Kreme shops in Anchorage and the Matanuska Valley over the next three years.

Nov 13, 2013 - 07:56
Krispy Kreme (NYSE: KKD) announced that it has signed an agreement with North to Alaska, LLC for the development of four Krispy Kreme shops in Anchorage and the Matanuska Valley over the next three years. 

"We are delighted to welcome our newest domestic franchise partner," said Patricia Perry, Vice President – Domestic Franchise Development at Krispy Kreme.  "Jack Lewis and the principals of North to Alaska have amassed more than 25 years of successful restaurant experience. They possess a thorough knowledge of the Alaskan marketplace and culture, and are committed both to growing with us and sharing the joy of Krispy Kreme with Alaskan doughnut and coffee fans."

"I am extremely excited to join Krispy Kreme in bringing its sweet treats to the Great North," commented Jack Lewis, Managing Partner of North to Alaska, LLC.  "My partners and I look forward to turning on the very first Hot Doughnuts Now® sign in Alaska.  We know our fellow Alaskans will truly enjoy the unique and delicious experience that is Krispy Kreme."

Krispy Kreme currently has over 240 shops in the United States, of which approximately 150 are franchised.  Additionally, the Company has over 540 locations in 22 countries outside the United States, all of which are franchised.

About North to Alaska LLC
North to Alaska, LLC is based in Anchorage.  Operating principal Jack Lewis founded and currently operates Sourdough Mining Company Restaurant, Peanut Farm Sports Grill, McGinley's Irish Pub, and two Firetap Alehouse locations in Alaska.

About Krispy Kreme
Krispy Kreme is a global retailer of premium-quality sweet treats, including its signature Original Glazed(R) 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 non-profit organizations raise millions of dollars in needed funds.  Krispy Kreme can be found in over 790 locations in 23 countries around the world.