Krispy Kreme short of dough

Krispy Kreme has 54 outlets in Australia, the highest of any country outside the United States.


The company is to undergo a full restructure to see if any parts of the business can be salvaged.

Krispy Kreme spokesman Matthew Horan says the company has been brought down by several poorly performing stores.

"It's like a two-speed business with some locations doing very well and some not."

The company's directors have appointed receivers Smith and Hancock to assess whether a restructure can save the company.


[link to www.abc.net.au]