Krispy Kreme spins off from JAB Holding
In July 2021, Krispy Kreme returned to being a publicly traded company after previously having been acquired by JAB Holding Company in 2016 for $1.4 billion. The initial public offering raised an estimated $514.9 million and the main goal of the new capital was to use these funds to pay down its debts. As of January 2022, the organization had $680.3 million in total debt, down 39.4% from the same period last year. Still, Krispy Kreme has significant indebtedness that could adversely affect its business in the long run, particularly as the company does not generate a profit.
COVID|Labor|Competition|ESG|M&A|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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