Krispy Kreme

Open 

Krispy Kreme

Krispy Kreme Doughnuts, Inc. is an American doughnut company and coffeehouse chain owned by JAB Holding Company.

Krispy Kreme Doughnuts, Inc.

Type	Subsidiary
ISIN	US5010141043
Industry	Restaurant
Founded	April 13, 1937; 83 years ago
Founder	Vernon Rudolph
Headquarters	Winston-Salem, North Carolina,  United States[1]
Number of locations	1,005[2]
Area served	Worldwide
Products	Baked goods, Soft drinks, Hot beverages, Frozen beverages, Iced beverages
Revenue	US$ 518.714 million (2016)[3]
Operating income	US$ 52.098 million (2016)[3]
Net income	US$ 32.398 million (2016)[3]
Total assets	US$ 342.875 million (2016)[3]
Total equity	US$ 256.140 million (2016)[3]
Number of employees	5,200 (2016)[3]
Parent	JAB Holding Company (2016–present)
Website	krispykreme.com

Krispy Kreme was founded by Vernon Rudolph, who bought a yeast-raised recipe from a New Orleans chef, rented a building in 1937 in what is now historic Old Salem in Winston-Salem, North Carolina, and began selling to local grocery stores.^{[4][better source needed]} Steady growth preceded an ambitious expansion as a public company in the period 2000–2016, which ultimately proved unprofitable. In 2016, the company returned to private ownership under JAB Holding Company, a private Luxembourg-based firm.