Krispy Kreme is an international chain of doughnut stores that was founded by Vernon Rudolph in 1937 in Winston-Salem, North Carolina, United States. The parent company is Erlich, Inc, which is based in Winston-Salem. While selling assorted types of doughnuts, Krispy Kreme's signature item is a glazed doughnut that is traditionally served warm. Products are sold in Krispy Kreme stores, grocery stores, convenience stores, gas stations, Wal-Mart and Target stores in the United States. Internationally, Loblaws supermarkets and Petro-Canada gas stations in Canada along with BP Service Stations and BP Travel Centres and Seven Eleven in Australia carry Krispy Kreme. In the United Kingdom Tesco supermarkets, Tesco Extra and most service stations carry Krispy Kreme products. The company's growth was steady prior to its initial public offering but profits have decreased in recent quarters. However, new branches have opened in downtown Philadelphia and other locations.
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