UK doughnut lovers can rest assured: Krispy Kreme is ready for Brexit.
In new accounts, Krispy Kreme UK’s strategic report said: “The potential impacts of Brexit under several possible scenarios on the availability of products and labour have been extensively researched and risk assessments carried out.”
It added: “Mitigating actions to secure short term supply of products and services have been taken where possible, and the directors feel confident that the business impact will be minimal.”
The US-headquartered retailer, which was founded in 1937, saw UK revenues rise 9.4% to £83.1 million in 2018 and said the original glazed doughnut was its bestseller. Pretax profits edged up slightly to £8.5 million.
A spokesman said: “Following a very strong end to the year for Krispy Kreme 2018, we have continued to grow over 2019.”
Krispy Kreme is ultimately owned by JAB- the holding company of Germany’s billionaire Reimann family.
