Krispy Kreme terminates McDonald’s partnership due to ‘unsustainable operating costs’ of $28.9 million
Krispy Kreme has officially terminated its much-hyped national partnership with McDonald’s, as CEO Josh Charlesworth said it created “unsustainable operating costs” and led to lease impairment and termination costs of $28.9 million. In other words, not enough donuts made enough dough. The fallout from the failed partnership was laid bare in Krispy Kreme’s latest earnings … Read more