Krispy Kreme Doughnuts announced that Canadian franchisee KremeKo has filed in the Ontario Superior Court of Justice to restructure under bankruptcy protection. Krispy Kreme owns 40.6% of KremeKo.
Krispy Kreme Doughnuts is trading at $5.93, down 82.7% from their all-time high of $34.33 (on 4/29/2004, exactly one year ago tomorrow).
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