Krispy Kreme announced this week that it is set to open 10 shops in Myanmar over the next five years.
Dan Beem, Krispy Kreme’s Senior Vice President and President – International, said with a growing economy and a population eager to welcome global brands, the time is right for the company to bring its sweet treats to Myanmar.
The company has signed a development agreement with Singapore-based Doughnut Group Pte. Limited.
“We’re confident the Krispy Kreme experience will be as meaningful in Myanmar as it is in Memphis or Manila, or anywhere else around the world where our signature sweet treats and coffee are served,” said Pote Narittakurn, owner of Doughnut Group Pte. Limited
Krispy Kreme has more than 1,000 retail shops in 24 countries. Its fundraising program has, for decades, helped non-profit organizations raise millions of dollars in needed funds.