Krispy Kreme

Financing

Krispy Kreme is hoping for a duller 2026

The doughnut chain had a brutal 2025 with the collapse of its McDonald’s partnership and the shift in focus to cutting costs and paying down debt. The company is planning on a calmer, and better, 2026.

Financing

Krispy Kreme, looking to pay off debt, is selling its Japan business

The doughnut chain is selling its operations in Japan to Unison Capital for $65 million. It is the first international franchise agreement since the company launched its turnaround plan.

The Bottom Line: The doughnut chain is cutting 15% of its support center staff and 1,500 of its so-called DFD Doors as it pivots, again, following the end of its McDonald's partnership.

The doughnut chain’s chief financial officer and chief growth officer have both left the company. Raphael Duvivier was promoted to CFO while Alison Holder was named chief brand and product officer.

The Bottom Line: The relationship between the fast-food giant and the doughnut chain ended before it was even half complete. Here are five reasons why the partnership couldn’t work.

The fast-food giant and the doughnut chain mutually decided to end their agreement to sell doughnuts inside McDonald’s restaurants after sales and profitability proved disappointing. The partnership will end July 2.

The Bottom Line: The chain’s sudden profitability problems and the questions surrounding its McDonald’s partnership show just how difficult it is to operate a doughnut chain at scale.

The doughnut chain, which is in cost-cutting mode after a tough start to 2025, has sold its remaining interest for $75 million and will use the funds to pay down debt.

The doughnut chain is being accused of making misleading statements on the sale of doughnuts inside McDonald’s restaurants after its delay caused shares to plunge.

The Bottom Line: The chains' partnership has been slow to progress and hasn't generated the sales both companies hoped for. Now it's on hold as Krispy Kreme works to improve its own struggling profitability.

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