Krispy Kreme Refranchising Plan Progress: WKS Stake Increased, Japan Operations Sold

Krispy Kreme advances its turnaround plan with refranchising, completing a transaction with WKS Restaurant Group to increase WKS's ownership stake in the Western US joint venture from 45% to 80%. The joint venture adds 23 shops in California and Hawaii, expanding its footprint. Unison Capital also acquires Krispy Kreme's operations in Japan for nearly $70 million, used to pay down debt. The company expects to drive sustainable growth through capital-light refranchising.