Krispy Kreme Doughnut Corporation Signs Development Agreement for the Guangdong Province

"We are excited to develop the Krispy Kreme brand inGuangdongand to work hand in glove withKrispy Kremeas a partner and supporter"
Krispy Kreme Doughnut Corporation Signs Development Agreement for the Guangdong Province
Haiya Group to Bring Krispy Kreme's Signature Treats to Key Cities Including Guangzhou and Shenzen

WINSTON-SALEM, N.C.,Jan. 23, 2014/PRNewswire/ --Krispy Kreme(NYSE: KKD) announced today that it has signed a multiyear development agreement for theGuangdong ProvinceofChinawithHaiya Group.  Under the agreement,Krispy Kreme'snewest international franchise partner expects to develop 23 stores over the next five years. 

"Haiya Groupis one of the leading retail companies in Guangdongand has been operating a variety of successful retail businesses in Guangdongfor more than 20 years. We are pleased to welcomeHaiya Group to theKrispy Kreme family," saidJeff Welch,Krispy Kreme President — International . "Guangdong is the largest consumer market inChina, and we believeHaiya Group's unique and sound understanding of the Chinese consumer will be a vital asset in successfully establishing and building the Krispy Kreme brand throughout this important province.  We look forward to working withHuilong Tu to bring the one-of-a-kindKrispy Kreme experience to the people ofGuangdong."

"We are excited to develop the Krispy Kreme brand inGuangdongand to work hand in glove withKrispy Kremeas a partner and supporter," saidHuilong Tu, Chairman and Founder ofHaiya Group. "Chinese consumers are always welcoming of different flavors and cultures from around the world. We are confident thatGuangdongconsumers will enjoy and love the unique hot Original Glazed® doughnut, and that the fun in-store experience of the Doughnut Theatre™ will bring them the joy ofKrispy Kremeon many occasions."

The Krispy Kreme Original Glazed® doughnut can be found in more than 800 retail shops in more than 20 countries inNorth America,Latin America,Asia/Pacific, theMiddle EastandEurope.

About Haiya Group Haiya Group is a licensed franchisee of theKrispy Kreme Doughnut Corporation in Guangdong. Haiya Group, founded in 1991, is one of the leading retail companies inGuangdong and is managed byHuilong Tu.  The company operates a number of retail concepts includingHaiya Restaurant, a luxury Chinese cuisine brand inShenzhen andHaiya's Golden Dragon Restaurant. Haiya Group also operates the first 5-star hotel in Kunming, seven department stores, andHaiya Mall, the largest shopping mall inGuangdong.

About Krispy Kreme Krispy Kreme (NYSE: KKD) is an international retailer of premium-quality sweet treats, including its signature Original Glazed(R) doughnut. Headquartered in Winston-Salem, N.C., the Company has offered the highest-quality doughnuts and great-tasting coffee since it was founded in 1937. Krispy Kreme is proud of its Fundraising program, which for decades has helped non-profit organizations raise millions of dollars in needed funds.  Connect with Krispy Kreme at

Information contained in this press release, other than historical information, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on management's beliefs, assumptions and expectations of our future economic performance, considering the information currently available to management. These statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition we express or imply in any forward-looking statements. The words "believe," "may," "forecast," "could," "will," "should," "would," "anticipate," "estimate," "expect," "intend," "objective," "seek," "strive" or similar words, or the negative of these words, identify forward-looking statements. Factors that could contribute to these differences include, but are not limited to: the quality of Company and franchise store operations; our ability, and our dependence on the ability of our franchisees, to execute on our and their business plans; our relationships with our franchisees; our ability to implement our international growth strategy; our ability to implement our domestic small shop operating model; political, economic, currency and other risks associated with our international operations; the price and availability of raw materials needed to produce doughnut mixes and other ingredients, and the price of motor fuel; our relationships with wholesale customers; our ability to protect our trademarks and trade secrets; changes in customer preferences and perceptions; risks associated with competition; risks related to the food service industry, including food safety and protection of personal information; compliance with government regulations relating to food products and franchising; increased costs or other effects of new government regulations relating to healthcare benefits; and risks associated with implementation of new technology platforms. These and other risks and uncertainties, which are described in more detail in the Company's most recent Annual Report on Form 10-K and other reports and statements filed with the United States Securities and Exchange Commission, are difficult to predict, involve uncertainties that may materially affect actual results and may be beyond the Company's control, and could cause actual results, performance or achievements to be materially different from those expressed or implied by any of these forward-looking statements. New factors emerge from time to time, and it is not possible for management to predict all such factors or to assess the impact of each such factor on the Company. Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

SOURCE Krispy Kreme Doughnut Corporation

Lafeea Watson - PR and Media Manager, Phone: 336-726-8878, Email:

Thursday, January 23, 2014 11:32 am EST


Winston Salem, NC

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