Krispy Kreme puts Insomnia Cookies brand up for sale as it doubles down on doughnuts
Publishing timestamp: 2023-10-03 11:57:56
Summary
Krispy Kreme is considering selling its majority stake in Insomnia Cookies as part of its effort to focus on its core doughnut business. The company acquired control of Insomnia Cookies in 2018 and is now exploring strategic alternatives, including an all-cash sale. Insomnia Cookies has seen significant growth since then, expanding from 135 locations to 250 locations.
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Keywords: restaurants, stock markets, business news, krispy kreme inc, food and drink,
Source: https://www.cnbc.com/2023/10/03/krispy-kreme-puts-insomnia-cookies-up-for-sale.html