Krispy Kreme is a global doughnut company and coffeehouse chain originally based in Winston-Salem, North Carolina. Krispy Kreme founder Vernon Rudolph bought a yeast-raised recipe from a New Orleans chef, and in 1937 rented a building in what is now historic Old Salem in Winston-Salem, and began selling to local grocery stores.
Krispy Kreme was listed in the US and the separate UK operations is rumoured to be looking to list on the London Stock Exchange soon. Krispy Kreme UK is the largest maker of premium branded doughnuts in the country and has a franchise agreement with U.S.-based Krispy Kreme Doughnuts Inc. The company first started selling their products in Harrods in 2003.
On the 9th May 2016, the US listed Krispy Kreme Doughnuts, Inc announced the successful completion of the acquisition of Krispy Kreme by JAB Beech. The acquisition became effective following a vote by shareholders. Under the terms of the deal, Krispy Kreme shareholders will receive $21 per share in cash for each share they own. As a result of the completion of the acquisition, Krispy Kreme’s US listed common stock has ceased trading on the New York Stock Exchange.
Alcuin bought Krispy Kreme UK from an investment group led by three American entrepreneurs in 2011. At the time the deal was reported to be about £25m.
Majority shareholders: Alcuin Capital Partners
When likely to float: 2H 2016
Expected size: Approx £150m
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