August 21, 2012 / 2:12 PM / 5 years ago

Krispy Kreme to announce tie-up with Citymax India on Wednesday

Krispy Kreme doughnuts go into production at the opening of the store at Harrods in London, October, 3, 2003.David Bebber/Files

REUTERS - Krispy Kreme Doughnuts IncKKD.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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