Krispy Kreme sells Japan operations to Unison Capital for ~$65M

Krispy Kreme, Inc.

Expected cash proceeds ~$65M, subject to FY2025 Japan EBITDA adjustments.
Proceeds will be used for debt paydown after transaction fees and expenses.
Transaction expected to close in Q1 2026; includes development & franchise agreement.
Japan business has 89 locations and nearly 300 fresh delivery points.
First international refranchising under turnaround plan announced in August 2025.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.97

Krispy Kreme, Inc. entered into Share Purchase Agreement with Lei Inc. valued at approximately $65 million USD (effective 2025-12-18).

Action: entry
Agreement: asset purchase
Counterparty: Lei Inc.
Value: approximately $65 million USD
Effective: 2025-12-18

Exact text from the filing

On December 18, 2025, Krispy Kreme Doughnut Corporation (“ KKDC ”), a North Carolina corporation and an indirect, wholly-owned subsidiary of Krispy Kreme, Inc. (the “ Company ”), a Delaware corporation, entered into a Share Purchase Agreement (the “ Agreement ”) with Lei Inc. (“ Lei ”), a Japanese corporation formed as a special purpose vehicle by a fund of Unison Capital, Inc., whereby KKDC agreed to sell to Lei all of the outstanding capital stock of Krispy Kreme Doughnut Japan Co. Ltd. (“ KKDJ ”), a Japanese corporation and a wholly-owned subsidiary of KKDC (the “ Sale ”), which is also a party to the Agreement.

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Krispy Kreme, Inc. filing history →

Source: SEC EDGAR

accession 0001857154-25-000143

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