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Krispy Kreme to announce tie-up with Citymax India on Wednesday
August 21, 2012 / 2:12 PM / 5 years ago

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

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

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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