Krispy Kreme Refranchises Western US Operations, Targets 50% Franchising Sales by 2027

Krispy Kreme announces further refranchising plans, including the sale of its Japanese operations and a minority stake in its Western U.S. joint venture. The company aims to increase franchising sales from 25% to 50% of systemwide sales by 2027 and focus on growth in the U.S. market, particularly through third-party partnerships with retail companies.