The lawsuit claims that Krispy Kreme failed to disclose critical information regarding declining demand, lack of profitability, and the subsequent pause in rolling out its products to new McDonald’s locations.
These nominations will be subject to shareholder approval at the company’s annual meeting scheduled for June 17, 2025.
Krispy Kreme is expanding into Brazil through a minority interest joint venture with Ipiranga’s AmPm, as announced in February 2024.