Blanchardstown chosen for Krispy Kreme’s Irish debut
More than a year after Krispy Kreme announced it was scouting for Irish locations, Blanchardstown Centre has been selected as the site for the brand's first store
20 October 2017 | 0
A formidable competitor is set to join Dublin’s burgeoning donut shop scene in the form of American household name, Krispy Kreme.
The Irish Independent reports that over a year after the chain announced it was scouting for Irish locations, Dublin’s Blanchardstown Centre has been chosen as the site for its first outlet.
Founded in 1937 in North Carolina where its headquarters remain to this day, Krispy Kreme was taken private last year. That deal placed a $1.35bn (€1.14bn) equity valuation on the business.
JAB Holding, an investment vehicle owned by Germany’s billionaire Reimann family, acquired the business. Earlier this year, JAB sold its 68% stake in designer shoe brand Jimmy Choo for $1.2bn, to concentrate on coffee. It also spent $7bn to acquire US bakery-café chain Panera Bread.
Back in 2015 meanwhile, it formed a joint venture in Europe called Jacobs Douwe Egberts. JAB also owns the UK Krispy Kreme operation, where there are 90 stores.
In total, there are some 1,200 Krispy Kreme stores globally, with around two-thirds located outside the US.
Krispy Kreme has about 1,200 stores around the world, with about two-thirds of them outside the US. It has about 90 outlets in the UK.