Krispy Kreme Announced To Enter A Joint Venture With AmPm Comestíveis To Enter Brazil. Krispy Kreme Will Offer Its Doughnuts To Brazilian Consumers Through A Network Of Krispy Kreme Shops And AmPm Convenience Stores
Portfolio Pulse from Benzinga Newsdesk
Krispy Kreme has announced a joint venture with AmPm Comestíveis to expand into the Brazilian market. This partnership will allow Krispy Kreme to distribute its doughnuts through a network of Krispy Kreme shops and AmPm convenience stores across Brazil.
February 09, 2024 | 12:29 pm
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POSITIVE IMPACT
Krispy Kreme's joint venture with AmPm Comestíveis marks its entry into the Brazilian market, potentially increasing its global footprint and revenue.
Entering a new market like Brazil, which has a large consumer base, presents a significant growth opportunity for Krispy Kreme. The partnership with AmPm Comestíveis, leveraging their local presence through convenience stores, is likely to facilitate a smooth entry and rapid expansion, positively impacting DNUT's stock in the short term.
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