Krispy Kreme Doughnuts, Inc., (NYSE:KKD) today announced it has signed a development agreement with Entrepreneurs, LLC, to open six shops in Bergen and Hudson counties in New Jersey over several years.
Karl Halligan, John Mondry and Thomas Gallagher are partners of Entrepreneurs, LLC. Halligan and Mondry have been involved in various restaurants for more than 10 years.
“Krispy Kreme is an iconic brand that provides an experience unlike any other,” said Patricia Perry, Krispy Kreme Doughnuts’ Vice President, Global Franchise Development. “We are confident our partners at Entrepreneurs, LLC, will provide that experience to customers in New Jersey using their extensive background in the restaurant industry.”
Halligan said now is the ideal time to open shops in New Jersey because of the growing demand for Krispy Kreme brand products.
“Krispy Kreme is such a classic brand and we’re excited to bring the best sweet treats and premium coffee to New Jersey,” said Halligan. “The fan base for Krispy Kreme products is already very strong in New Jersey, so we’re thrilled to be adding to the excitement already surrounding the brand.”
Krispy Kreme Doughnuts is in the process of expanding its development efforts throughout the United States, with particular focus on the Northeast, Northwest and certain areas of the Midwest. There are currently almost 300 shops located in 41 states.