Krispy Kreme to open 10 shops in Myanmar
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Krispy Kreme announced this week that it is set to open 10 shops in Myanmar over the next five years.
Dan Beem, Krispy Kreme’s Senior Vice President and President – International, said with a growing economy and a population eager to welcome global brands, the time is right for the company to bring its sweet treats to Myanmar.
The company has signed a development agreement with Singapore-based Doughnut Group Pte. Limited.
“We’re confident the Krispy Kreme experience will be as meaningful in Myanmar as it is in Memphis or Manila, or anywhere else around the world where our signature sweet treats and coffee are served,” said Pote Narittakurn, owner of Doughnut Group Pte. Limited
Krispy Kreme has more than 1,000 retail shops in 24 countries. Its fundraising program has, for decades, helped non-profit organizations raise millions of dollars in needed funds.
Questions & Answers
Q.Which company will be responsible for opening the Krispy Kreme shops in Myanmar?
Which company will be responsible for opening the Krispy Kreme shops in Myanmar?
Krispy Kreme has entered into a development agreement with Doughnut Group Pte. Limited, a company based in Singapore. This group's owner, Pote Narittakurn, confirmed the expectation that the Krispy Kreme experience will be well-received.
Q.What is the rationale behind Krispy Kreme's decision to expand into Myanmar?
What is the rationale behind Krispy Kreme's decision to expand into Myanmar?
Dan Beem, Krispy Kreme's Senior Vice President, stated that Myanmar has a growing economy and a population keen to embrace global brands. This makes it an opportune time for the company to introduce its products there.
Q.How many countries currently have Krispy Kreme retail shops?
How many countries currently have Krispy Kreme retail shops?
Before this planned expansion into Myanmar, Krispy Kreme already operated more than 1,000 retail shops. These establishments were spread across a total of 24 different countries worldwide.
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