Krispy Kreme franchisee files for bankruptcy

FULLERTON Calif. Great Circle Family Foods LLC., a 12-unit Krispy Kreme Doughnuts franchisee that at one point was the system’s largest operator, filed for Chapter 11 bankruptcy protection on Wednesday.

The company, which had a storied and at times turbulent history with its Winston-Salem, N.C.-based franchisor, Krispy Kreme Doughnuts Inc., will continue to operate its Southern California units as it seeks a restructuring, according to court documents. Great Circ

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