Search: krispy kreme california
Why: Addison Chou is having a hell of a time without them.
Answer: In January 2006, Krispy Kreme terminated the franchise license of Great Circle Family Foods LLC, alleging non-payment of required fees. At the time, they were one of the largest franchisees, operating 28 stores in Southern California. Preceding this action was a financial dispute by Great Circle, culminating in their September lawsuit filed against Krispy Kreme. The lawsuit was settled in July 2006 and led to the reinstatement of Great Circle's license.
On August 22, 2007 Great Circle Family Foods and some of its wholly owned subsidiaries filed for Chapter 11 Bankruptcy.
Source: WikipediaThe More You Know: Great Circle Family Foods filed a complaint that Krispy Kreme "embarked on a scheme" to bankrupt Great Circle so the franchisor could acquire it for "cents on the dollar." If you are ever in Memphis after 11 PM, go to Gibson's Donuts. $1.25 for a half-dozen!
