Krispy Kreme Buyback in Burbank

Krispy Kreme Doughnuts Inc. said today that it will buy back three of its stores, including one in Burbank to settle a dispute with its Southern California franchisee, Great Circle Family Foods LLC. Under the terms of the agreement Krispy Kreme subsidiary Southern Doughnuts LLC will pay Great Circle $2.9 million for three stores and the related franchise rights to locations in Burbank, Ontario and Orange. The deal settles pending litigation between Krispy Kreme and Great Circle.