Krispy Kreme Doughnuts Franchise Philippines Awarded to Max's

Krispy Kreme has been around for over 70 years. Krispy Kreme's founder Vernon Rudolph bought a secret yeast-raised doughnut recipe from a French chef from New Orleans, rented a building in what is now called historic old Salem in Winston-Salem, North Carolina, and began selling Krispy Kreme doughnuts on July 13, 1937 to local grocery stores. People soon began stopping by to ask if they could buy hot doughnuts, so he cut a hole in the wall and started selling Hot Original Glazed doughnuts directly to customers.

Krispy Kreme is not slowing down! In April 2000. Krispy Kreme held an initial public offering of common stock and opened its first international store in Canada just outside of Toronto in December 2001 and continued to expand internationally.

Krispy Kreme Doughnuts, Inc. announced on July 13, 2006 that it has awarded development rights for the Philippines to The Real American Doughnut Company Inc., owned and operated by the principals of Max's, one of the Philippines leading restaurant chains.

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