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Krispy Kreme Myanmar makes debut next month

By Sarah Chen
1 min read
krispy kreme stock is getting crushed after hours
krispy kreme stock is getting crushed after hours
In this article (4)

Krispy Kreme Myanmar will open its first store next month.

The US doughnut brand has appointed a local franchisee partner which it says has plans to open 10 stores “in the near future”.

Krispy Kreme Myanmar will be one of only a small number of early entrants into the country among global fast-food brands.

“With a growing economy and a population eager to welcome global brands, the time is right for Krispy Kreme to bring sweet treats to Myanmar,” a company spokesperson said in a statement issued from its North Carolina headquarters.

Krispy Kreme Doughnut Corporation was founded in 1937 and sells a range of doughnuts along with coffee through 12,000 supermarkets and convenience stores in the US and through 1400 of its own or franchised retail shops in 32 countries.

Questions & Answers

Q.

How many Krispy Kreme stores are planned for Myanmar?

A.

The local franchisee partner for Krispy Kreme has stated plans to open 10 stores in Myanmar in the near future. The first store is scheduled to open next month.

Q.

Why is Krispy Kreme entering the Myanmar market now?

A.

A company spokesperson indicated that the timing is right due to Myanmar's growing economy and a population eager to welcome global brands. Krispy Kreme aims to bring its sweet treats to the country.

Q.

Is Krispy Kreme the first global fast-food brand to enter Myanmar?

A.

No, the article states that Krispy Kreme Myanmar will be one of only a small number of early entrants into the country among global fast-food brands. It is not the very first.

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