Krispy Kreme, Inc. announced a refranchising agreement for its operations in Japan with Unison Capital, Inc.
The agreement is expected to generate approximately $65 million in cash proceeds for Krispy Kreme, facilitating debt reduction and furthering the refranchising initiative.
The transaction is projected to close in the first quarter of 2026.
Cash Proceeds
Approximately $65 million in cash proceeds expected from the refranchising agreement.
Debt Reduction
Proceeds will be utilized for debt pay down after covering transaction-related fees and expenses.
Strategic Partnership
Unison Capital, Inc., a proven operator in the retail beverage and restaurant sectors, set to take over Krispy Kreme's operations in Japan.
- The sale of its Japan business marks significant progress in Krispy Kreme's refranchising initiative, enhancing financial flexibility and reducing debt.
- Unison Capital's expertise and partnership are anticipated to drive growth and success for Krispy Kreme in the Japanese market.
The agreement with Unison Capital represents a milestone for Krispy Kreme's international expansion and strategic restructuring, indicating positive developments for the company's future growth and financial health.