Bankrupt Krispy Kreme franchisee sells stores

ST. LOUIS Krispy Kreme franchisee Sweet Traditions, which filed for bankruptcy last year, reportedly is selling 21 units to its sole shareholder Allied Capital Corp.

The franchisee, based here, also is selling one store in Summit, Ill., to Fifth Third Bank, according to a report in the Chicago Sun-Times. It was unclear whether the stores being sold would remain doughnut shops.

Sweet Traditions, which operates Krispy Kreme shops in Illinois, Indiana

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