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Krispy Kreme to announce tie-up with Citymax India on Wednesday
REUTERS - Krispy Kreme Doughnuts Inc(KKD.N) will announce a partnership with hospitality group Citymax India on Wednesday to set up stores in southern and western India, the Indian hospitality group said on Tuesday.
Krispy Kreme, the U.S.-based doughnut and coffee retailer, plans to open 80 stores over the next 5 years, with the first outlet slated to open in Bangalore before the end of this year, Citymax said in a media invite for the formal announcement.
Earlier in May, Krispy Kreme had announced its plans to enter India in partnership with New Delhi-based Bedrock Food for setting up stores in other parts of the country.
(Reporting by Nandita Bose in MUMBAI; Editing by Sumeet Chatterjee)
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