Krispy Kreme Doughnuts announced that it has signed a development agreement with Fraliment S.R.L. to open 12 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,” Krispy Kreme Doughnuts Senior Vice President Dan Beem said. “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,” Daher said. “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.”
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