Krispy Kreme UK has announced the 100% sale of the company’s share capital to US parent company, Krispy Kreme Group.
Private equity group Alcuin Capital, which controls the UK operations of the doughnut brand, was preparing for an autumn floatation. However, the London listing has been shelved after a takeover offer from the American parent.
Tony Thompson (pictured), CEO at Krispy Kreme Group, commented, “We are excited to be able to partner directly with the existing management team and staff to deliver the next chapters of growth in the UK and Ireland.
“The existing team has done a tremendous job building the business over the past 14 years and we look forward to continuing to share the joy that is Krispy Kreme with their expertise. We support the management team's vision and strategy and will work together with them building on our Krispy Kreme culture, values and commitment to our customers and guests.”
