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Krispy Kreme Doughnuts Inc, the U.S. global doughnut company and coffeehouse chain based in Winston-Salem, North Carolina, will open 16 shops in Panama by the end of 2020, the company announced recently and explained that it is working with Barcenas Group International Inc.
Panama is now the 31st country – counting the United States – in which Krispy Kreme has doughnut shops or plans to open shops in the near term. “Our partners in Panama understand the demands of the Panamanian customer and have what it takes to create the experience enjoyed in our shops around the world,” Dan Beem, president of Krispy Kreme’s international division, said in a statement.
Krispy Kreme has made a sizable push into Latin America in the past year. In September, the company announced plans for 24 franchise shops in Peru and 12 in Bolivia. The company’s entrance into South America was made in Colombia. The company also has shops in Puerto Rico.
The largest international presence for Krispy Kreme is in Asia, where it has franchise shops or commitments for shops in Bangladesh, Cambodia, India, Indonesia, Japan, Malaysia, Myanmar, the Philippines, Singapore, South Korea, Taiwan and Thailand.
The rest of Krispy Kreme’s current and future global markets are in Australia, Bahrain, Canada, Kuwait, Mexico, Qatar, Russia, Saudi Arabia, South Africa, Turkey, United Arab Emirates and United Kingdom.
On February 24, 2015, Krispy Kreme opened its 1,000 shop, in Kansas City, Kansas. The first customer received one dozen free donuts per week, for a year.