Krispy Kreme is automating its production process as the company is looking to improve its financial position with a new hub and spoke production model, Additionally, the company has begun testing new technology in its shops that would cut back on repetitive labor, and expects to automate about 18% of its total doughnut production over…
Read More »Interesting to note that retired Dunkin’ CEO and Chairman Nigel Travis is not “going quietly into that good night”. It seems the owner of the Leyton Orient Soccer Club is ascending to the role of Chairman at retail giant Abercrombie & Fitch. Travis joined the Board of Directors at the company back in 2019 and…
Read More »File under Life after Dunkin’. We noted an interesting staffing announcement at the beginning of last month by SharkNinja, apparently a leading producer of small household appliances. The Massachusetts based company announced the appointment of Paul Carbone as the Chief Financial Officer effective November 7. Carbone served as Chief Financial Officer for Dunkin’ Brands for…
Read More »Strange bedfellows indeed! This week, McDonalds announced a partnership with Krispy Kreme for a limited time where the burger giant will be serving Krispy Kreme donuts in a select number of stores. The trial partnership is centered on Louisville, Kentucky, where beginning Tuesday of next week, nine stores will offer three varieties of Krispy Kreme…
Read More »Major executive changes continue at Starbucks as COO John Culver announced he will be leaving the Seattle firm effective October 3. His departure comes in the wake of CEO Kevin Johnson retiring in April, General Counsel Rachel Gonzalez leaving in May and North American President Rossann Williams leaving in June. Culver has been with Starbucks…
Read More »Earlier this week, Starbucks announced that EVP and President of US and Canada operations Rossann Williams was leaving the company. Williams played a prominent role in the company’s initial fights with unionization efforts in upstate New York – largely successful for the union – when the unionizing issue first arose back in February. Since that…
Read More »The big news amongst competitors this week was the formal filing of the Krispy Kreme Initial Public Offering (IPO) where the company is expecting a valuation of $4 Billion. With 87% of its US stores having a drive-thru, company sales in 2020 were the highest ever at $1.122 billion, up from just under $1 billion…
Read More »Krispy Kreme going public again commanded a good amount of news coverage recently, and rightly so. The North Carolina-based donut chain with about 1500 units nationwide filed an IPO earlier this week looking to raise $100 million through the offering. The company was previously publicly traded until JAB Holdings took it private just 5 years…
Read More »Krispy Kreme may be going public again, after being privately held by JAB Holdings since it acquired the Winston-Salem based chain out of bankruptcy just about five years ago. Krispy Kreme officials acknowledged earlier this week that it had confidentially filed a draft initial public offering (IPO) with U.S. regulators. The IPO still must be…
Read More »
The Dunkin’ shop on Bragg Boulevard in Fayetteville, N.C. is a microcosm of the impact COVID-19 has had on the chain restaurant business. The newly remodeled next-generation shop is near a cluster of quick serve and fast casual restaurants like Krispy Kreme, McDonalds, Pizza Hut and Dominos, along with local barbeque, Chinese and Mexican take-out…
Read More »