Image: Krispy Kreme, Facebook

Krispy Kreme to Close in Iceland

 In Business, News

The American doughnut chain Krispy Kreme will close in Iceland, reports.

The company operated three locations in Iceland, all of which were inside Hagkaup department stores. Hagkaup and Krispy Kreme have decided, however, to end their collaboration.

The Krispy Kreme locations at the Kringlan and Skeifan shopping malls will close for good on July 1, 2019. The location at the Smáralind shopping mall in Kópavogur will close on October 1, 2019.

Viðar Brink, the director of Krispy Kreme operations in Iceland, said that the decision to close the franchises was simply a matter of production costs being too high. “[W]e’ve had a really good time with good people,” he wrote in a company announcement. “We’re going to finish out these last three months at Smáralind with a smile.”

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