Krispy Kreme UK, the Alcuin Capital Partners-backed doughnut retailer, plans to return to the expansion trail in 2014 after suspending new openings, M&C Report has learnt.
In October the c55-strong group said it had suspended its openings programme to focus on profitability of its existing operations, as it reported a pre-tax loss of £2.8m for the year to 31 January 2013 against a £1.3m profit in the previous year.
A spokeswoman told M&C Report today: “Krispy Kreme is currently in the middle of budgeting for 2014 and is looking to continue to expand their number of stores next year.”
She was unable to comment on specific numbers or locations.
In June last year, the group announced plans to double its presence in the UK with the opening of 10 stores a year for the next five years, which will take its estate to nearly 100 by 2016.
In February Krispy Kreme opened its first store in Scotland, in Edinburgh. The opening gained widespread publicity with reports that customers had to queue for two hours to be served due to very high demand.
Earlier this year, Mike Dowell, the former Costa Coffee and Pitcher & Piano executive, joined the company as a director.
