Krispy Kreme Doughnuts announced it will expand into eastern Canada and named Donald Henshall, 38, president-international development from managing director-new business development for Overland Group, London, a branded footwear and apparel marketer. Mr. Henshall was president-CEO of Diesel USA and began his career Procter & Gamble in the U.K. The move into Canada marks the doughnut marketer's first expansion beyond the U.S. with plans to develop 32 stores in six years. The company also announced a joint venture for expansion into New England with 15 stores over the next five years. Krispy Kreme, which has been one of the few winners in the IPO market this year, closed at $83 from its IPO price of $29.
Copyright December 2000, Crain Communications Inc.