Krispy Kreme (NYSE:KKD) is to expand further into the Asian market by opening 10 stores in Taiwan. The company has signed an agreement with local conglomerate Huan Hsin to develop the outlets.
U.S.-based Krispy Kreme is continuing its effort to expand internationally. At the moment, it has more than 730 stores in 22 countries. In Asia, its outlets can be found in mainland China, India, Indonesia, Japan, Malaysia, the Philippines, South Korea, and Thailand.
Huan Hsin is a family owned conglomerate that holds a number of restaurant properties, particularly in mainland China. It is a licensed Krispy Kreme franchisee in Taiwan.