Oct. 16 (Bloomberg) -- Krispy Kreme Doughnuts Inc.’s U.K. operations have been bought out by management with backing from Alcuin Capital Partners LLP, the Sunday Times reported, without saying where it got the information.
Alcuin Capital bought a majority stake in the business for 25 million pounds ($39.6 million), according to the newspaper. Richard Cheshire and Rob Hunt, joint managing directors at the U.K. unit, plan to increase the number of outlets in Britain to 80 from 46 within three years, the Sunday Times said.
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