It seems as though Krispy Kreme is not doing so well north of the border. KremeKo Inc., which runs the franchises in Canada, announced this week that it was planning to sell off assets, just weeks after it was forced to file for bankruptcy protection:
It decided this week that the greatest value could be achieved by an asset sale. The plan has the backing of Krispy Kreme and the company’s secured creditors, including the Bank of Nova Scotia and GE Capital Canada Equipment Financing Inc., which is owed more than $3 million.
KremeKo could end up selling the business as a going concern or it could entertain offers for the rights to operate Krispy Kreme franchises in Canada.
The agreement KremeKo reached back in 2000 would have it open 32 stores in Canada by 2007, paying Krispy Kreme $40,000 USD for each one along with 4.5 percent of sales. Well, that was an optimistic agreement to say the least! By April of this year, KremeKo had closed 10 of it’s 18 stores. It was also charged in Ontario with three violations of the Occupational Health and Safety Act.
So yeah, I hope you like your Tim Horton’s! And if you’re really addicted to Krispy Kreme or something, the phrase “get them before they’re gone” has never been more appropriate. I wouldn’t be surprised if the store in Calgary was closed by the next time I go.
Read: CBC News
MasterMaq's Blog 
oh no…krispy kreme donuts are soo good!!!
Lets goto calgary and show our patronage!