Taken over: A man walks past a Krispy Kreme neon sign in New York. The company was bought by privately owned JAB Holding Co in a US$1.35bil deal in 2016 when the investment firm was ramping up its bets on the coffee and restaurant businesses. — Reuters
NEW YORK: Krispy Kreme said it had confidentially filed with US regulators for an initial public offering (IPO), a move that would result in the doughnut chain’s return to the stock market five years after it was taken private.
The company first went public in 2000, but it had to file for Chapter 11 bankruptcy following financial restatements, investigations into its accounting practices and a plunge in sales at some of its franchisees.
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