Krispy Kreme (KKD) Enters New Franchise Deal in Russia for 40 Locations
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Krispy Kreme Doughnut Corporation (NYSE: KKD) has signed a development agreement for Moscow with LLC Doughnuts Cafe, wholly owned and operated by Arkady Novikov, owner of the Novikov Restaurant Group. As part of the new agreement, the franchisee is expected to build 40 Krispy Kreme shops over the next five years in the city of Moscow.
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