BusinessCompany NewsSticky situation for Krispy Kreme Doughnuts

Sticky situation for Krispy Kreme Doughnuts

Krispy Kreme Doughnuts, the company immortalised in US television series 'Sex and the City', is under an informal, non-public probe into its accounting methods.

The North Carolina-based doughnut producer said that the investigation concerns its ‘franchise reaquisitions’ and ‘previously announced reduction in earnings guidance’.

Scott Livengood, chairman, president and CEO, said: ‘Krispy Kreme has no higher priority than the confidence of our shareholders, customers and employees.

‘While we are confident in our practices, we understand and respect the SEC’s responsibilities and will continue to co-operate fully throughout this process.

Krispy Kreme launched in the UK last year, with much fanfare, in Harrods.

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor