D'ough! Krispy Kreme going bust


Krispy Kreme doughnuts is going into voluntary administration because of poor sales.

The Australian arm of the US company was placed in the hands of accountancy firm Smith Hancock on Friday, it has been reported.

Krispy Kreme has 50 stores across Australia, employing 660 staff.


Company spokesman Matt Horan says it's not yet known how many employees will be made redundant or if any stores will be closed.

"In the event that there are redundancies arising out of the voluntary administration process, all employee entitlements have been protected," Mr Horan told News Limited.

"Several factors, including location, sales declines, high rents and high distribution costs, have meant that a number of stores are losing money," he said.

Gillard closed them down because their doughnut range was too diverse for her commy red-glazed tastes.

8-) ... Had they all been red, they would have stayed in business.

mellie wrote on Nov 1^st, 2010 at 7:56am:

Gillard closed them down because their doughnut range was too diverse for her commy red-glazed tastes. 8-) ... Had they all been red, they would have stayed in business.

A Gillard fat arse snipe would have been fitting mellie, this and even a Joe Hockey joke, this and leave Mal out of it, this and I'm amazed the Libs didn't bail the company out....it is American after all, this and not all the nuts are on the doughnuts mellie.

Hooray!
I always found those donuts a bit rich.

Not enough dough in Krispy Kreme


;D