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Published May 14, 2012, 08:40 AM

Krispy Kreme signs deal to open stores in India

Krispy Kreme Doughnut Corp. said Monday that 35 of its stores will open in India over the next five years under a new development deal with franchisee Bedrock Food Co.

By: The Associated Press, Superior Telegram

WINSTON-SALEM, N.C. (AP) — Krispy Kreme Doughnut Corp. said Monday that 35 of its stores will open in India over the next five years under a new development deal with franchisee Bedrock Food Co.

Financial terms were not disclosed.

The stores will open in various locations, including Delhi, Jaipur and Lucknow.

"Coffee and doughnuts as a category has huge potential in India and we expect the market to grow quickly over the next few years," Bedrock Managing Director Purwa Sinha said in a statement.

Bedrock is a licensed franchisee of Krispy Kreme for the North India region.

Krispy Kreme, based in Winston-Salem, N.C., has more than 690 stores in 21 countries.

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