Krispy Kreme has unveiled plans to double the number of stores it operates in the UK and increase the distribution of its doughnuts through Tesco. Having launched in the UK in 2003, the company has 42 stores. It plans to add a further 40 to this after securing a new £12m lending facility with Santander. The news came as it emerged the UK arm of Krispy Kreme had hit profits of £1m on sales up 3.5% to £30m, after losses of £500,000 the previous year. The opening programme will start with a new factory shop in Bristol this August. Krispy Kreme also sells its doughnuts through 180 Tesco outlets, a number it also plans to double. Rob Ward, chief financial officer, told British Baker: “We went from zero to 40 shops between 2003 and 2009, but decided to take a break in 2009 because of the economic climate. “We actually had quite a good year from a trading perspective, which has given us confidence to continue the expansion.” Factory outlets are essentially large-scale production facilities that supply surrounding Krispy Kreme shops and Tesco stores. They also tend to include a 25-30 cover café. The company currently has eight factory shops in the UK and aims to open a further 10, at a rate of two a year.

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