1508 ET - Krispy Kreme is bringing its doughnuts to Brazilians by forming a franchise partnership with AmPam, the country's largest convenience store chain. The move fits with the company's strategy of asset-light expansion through corporate team-ups. It is in the process of rolling out to McDonald's locations around the U.S. and has been expanding partnerships with Walmart, Target and Kroger. Krispy Kreme's latest partner, AmPam, has a network of about 1,500 retail locations across Brazil. The doughnut maker and AmPam have formed a minority joint venture to open Brazil's first Krispy Kreme in the busy Avenida Juscelino Kubitschek neighborhood in São Paulo in late April. (dean.seal@wsj.com)
(END) Dow Jones Newswires
March 24, 2025 15:08 ET (19:08 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.