Krispy Kreme says Citymax to invest $13.5 mn to set up stores
he doughnut and coffee retailer, will open its first store in Bangalore in 2012
U.S. retailer Krispy Kreme Doughnuts Inc said Citymax, its partner for southern and western Indian markets, will invest Rs 750 million s to set up 80 stores over five years.
The doughnut and coffee retailer, will open its first store in Bangalore in 2012, James Rogers, vice-president, international marketing, Krispy Kreme told reporters on Wednesday.
Krispy Kreme did not give details of its expansion plans with its other Indian franchisee partner Bedrock Food.