Krispy Kreme IPO looks half-baked – Reuters
A Krispy Kreme doughnut is pictured in London, Britain, October 3, 2003.Krispy Kremes initial public offering is far from dollars to doughnuts. Five years after being bought by JAB, the maker of sugary pastries is going public again. Buying up franchises has boosted sales, but patchy performance and the trend towards healthier eating make a mooted $4 billion valuation look over-jammed.
The investor backed by Germanys Reimann family has been busy since acquiring Krispy Kreme for $1.4 billion in 2016….
