Krispy Kreme signed a development agreement to open 20 Krispy Kreme locations in Nigeria.
WINSTON-SALEM, N.C. — Krispy Kreme Doughnut Corp. on March 8 signed a development agreement with Quality Foods Africa (Q.F.A.) to open 20 Krispy Kreme locations in Nigeria over a period of five years.
“We are thrilled to be expanding into Nigeria, and we are fortunate to be working with an exceptional group,” said Michael McGill, vice-president of international at Krispy Kreme.
Q.F.A. is an African quick-service restaurant business. Edmond Sassine, the company’s chief executive officer, said Q.F.A. is excited to be able to bring the Krispy Kreme brand to Nigeria.
“Nigeria is a huge market, and we are truly excited about bringing the world’s best donuts to one of Africa’s biggest economies,” he said.
The development agreement will make Nigeria the 31st nation with a Krispy Kreme presence worldwide. Nigeria is the second African nation to open Krispy Kreme shops. Krispy Kreme made its African debut in South Africa in 2015, when the company signed a development agreement with KK Doughnuts SA (Pty) Ltd. to open 31 Krispy Kreme locations in South Africa.
