The donut franchise Krispy Kreme has decided to end its Great Circle Family Foods LLC license. By doing so they have defaulted on their licensing agreement, and will not be able to pay royalty fees.
As a result, Richard Reinis and Roger Glickman the partners in Great Circle have filed a lawsuit against Krispy Kreme.
The details of the lawsuit alleged by Reinis and Glickman is that the franchise company mishandled funds, sent invoices for bogus charges, and “engaged in deceptive business practices”.
However this is not the only dispute that the Krispy Kreme franchise is having, as some shareholders have even filed lawsuits due to the alleged improper accounting procedures.
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