Krispy Kreme Doughnuts has signed its first franchise agreement in South America with IRCC Ltda., which will open 25 locations in Colombia over the next five years. "Colombia offers Krispy Kreme an attractive opportunity with its growing economy and long customer experience with international brands," said Jeff Welch, president of the international unit for Krispy Kreme, which has plans to open 900 international locations by 2017.

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