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Krispy Kreme to open 12 shops in Bolivia in next five years

Published 15 September 2015

Krispy Kreme Doughnuts has signed a development agreement with Fraliment S.R.L. to open 12 Krispy Kreme shops in Bolivia over the next five years.

"Bolivia is a growing market with a customer base that loves sweets so we believe this is the ideal time to be entering the market," said Dan Beem, Krispy Kreme Doughnuts' Senior Vice President and President - International. "We have partnered with a very strong franchisee group who are experts in the Bolivian market and consumer, and they know what it takes to create that iconic Krispy Kreme experience that is loved around the world."

Edmund Daher, owner of Fraliment S.R.L. along with Daniel Daher and Mauricio Daher, said that the Krispy Kreme experience will be unlike anything Bolivians have experienced.

"We believe Bolivians will get the doughnut experience of a lifetime with the delicious taste and aroma of Krispy Kreme doughnuts accompanied by a selection of quality coffee," said Daher. "We think the Krispy Kreme brand and doughnuts will be hits in Bolivia as we tap into the culture of sharing that is prevalent throughout the country."

Source: Company Press Release