The Associated Press contributed to this report.
JAB Beech, the company that owns Caribou Coffee, will acquire Krispy Kreme, JAB Beech officials announced Monday.
The Luxembourg-based investment firm, which also owns Keurig and shares in Einstein Bros. Bagels and high-end shoe retailer Jimmy Choo, purchased the doughnut company in a deal worth an estimated $1.35 billion.
A senior partner at JAB said that the acquisition is part of the company's strategy to invest in brands with "significant growth prospects," the Associated Press reported.
Krispy Kreme's stock rose $4.06, more than 24 percent, to $20.92 on Monday afternoon. JAB will pay for each share of Krispy Kreme Doughnuts Inc., with a plan to close the deal in the third quarter this year.
According to JAB Holdings, Krispy Kreme will continue to be independently operated from its headquarters in Winston-Salem, North Carolina. The company said it will postpone its annual shareholders meeting, which was originally set for June 14.
Krispy Kreme, which was founded in 1937, has more than 1,100 locations internationally. About 300 of those are located in the United States, and other stores are located in countries including Australia, Canada, Japan, Mexico, South Africa and the United Kingdom.
Krispy Kreme said in March that it planned to open at least 120 new international locations and about 30 new shops domestically.
New York City Mayor Bill de Blasio and other city officials are speaking out against Chick fil-A.
The suggestion comes as the chicken chain announced plans to open a restaurant in Queens Center Mall, the fourth location in the city.
"We look forward to opening our first restaurant in Queens and serving all of our customers delicious food in an environment of genuine hospitality," a Chick-fil-A spokesperson said.
But de Blasio says Chick fil-A supports groups that promote discrimination against gay people.
"What the ownership of Chick-fil-A has said is wrong," de Blasio said. "I’m certainly not going to patronize them, and I wouldn’t urge any other New Yorker to patronize them. But they do have a legal right."
"Chick-fil-A is anti-LGBT," councilman Danny Dromm said in a statement. "This group imparts a strong anti-LGBT message by forcing their employees and volunteers to adhere to a policy that prohibits same-sex love. It is outrageous that Chick-fil-A is quietly spreading its message of hate by funding these types of organizations."
In 2012, Chick-fil-A gained attention when it came to light that the company had donated millions of dollars to organizations that fight same-sex marriage.
The restaurant chain, which is closed on Sundays, is known for heralding Christian beliefs.
"As it relates to society in general, I think we are inviting God’s judgment on our nation when we shake our fist at him and say, ‘We know better than you as to what constitutes a marriage,'" Dan T. Cathy, the company’s president and chief operating officer, said in an interview.
But a Chick-fil-A spokesperson said that the company employees thousands of people who represent varied backgrounds and beliefs and that the business' main focus is on satisfactory service and food.
"The Chick-fil-A culture and service tradition in our restaurants is to treat every person with honor, dignity and respect -- regardless of their beliefs, race, creed, sexual orientation or gender," the spokesperson said.
It's a common joke to say that an unfamiliar food tastes like chicken. But now a new nail polish literally tastes like chicken.
KFC recently introduced an edible nail polish to its Hong Kong market.
The product, created by marketing firm Ogilvy & Mather and food technologists from McCormick, comes in two flavors -- Original and Hot & Spicy. Original is a gold beige color and Hot & Spicy is a shade of orange red.
According to KFC, the nail polish is applied like regular nail polish but is "sourced from natural ingredients" and can be safely licked. In fact, the company says the nail polish is "finger lickin' good."
<iframe width="390" height="219" src="https://www.youtube.com/embed/eZMtaHjTDS4" frameborder="0" allowfullscreen></iframe>
"Yes, it is actually a real thing," said Anna Mugglestone, marketing and communications director for Ogilvy & Mather. "I tried it myself in the office when they were doing testing. It tastes like chicken. It’s crazy. I don’t know how they do it."
"The recipe for our edible nail polish is unique and was specifically designed to hold the flavor, but to also dry with a glossy coat similar to normal nail polish," Ogilvy creative director John Kay told Adweek. "This campaign is designed to be intriguing and fun (and) to increase excitement around the KFC brand in Hong Kong."
Mugglestone said the nail polish is a way "to remind the younger generation (of ) the great taste and good times the brand stands for."
“(The Original color) is actually pretty cute for spring if, you know, it didn’t taste like fried chicken,” said one writer at Glamour magazine.
KFC is running an ad campaign in Hong Kong to ask customers which flavor should be mass produced.
This is for real. Finger lickin' good KFC nail polish. They teamed with McCormick spices to create their secret 11 herbs and spices into a "completely edible" nail polish. You let it dry and can lick on it over and over. Original recipe or hot & spicy.... Yay or nay? . #kfcnailpolish #fitgirlsguide #28dayjumpstart #makeyourownmagic #beyourownfitgirl #fitsisters A photo posted by @fitgirl.swissmiss on May 5, 2016 at 6:54am PDT <script async defer src="//platform.instagram.com/en_US/embeds.js"></script>
Cinco de Mayo, which is celebrated more in the U.S. than south of the border, isn't Mexican Independence Day. But for many, it is an excuse to eat delicious Mexican foods and indulge in margaritas and beer.
Whether frozen, blended or on the rocks, a margarita is the perfect drink for any festive party or celebratory occasion.
Here are nine easy recipes to create the perfect cocktail:
A lawsuit filed against Starbucks claims there's too much ice in its cold drinks.
Stacy Pincus of Chicago filed the $5 million lawsuit on Wednesday, with claims that the coffee giant falsely advertises how much liquid is in its cold beverages.
“Starbucks’ cold drinks are underfilled to make more money and higher profits, to the detriment of consumers who are misled by Starbucks’ intentionally misleading advertising practices,” the lawsuit says. "(The company) is advertising the size of its cold drink cups on its menu, rather than the amount of fluid a customer will receive when they purchase a cold drink -- and deceiving its customers in the process."
It continues: "The word beverage is defined as a drinkable liquid. Ice is not a beverage by definition."
Pincus says Starbucks advertises its cold drinks by fluid ounce but that the numbers are only accurate after ice is added to the drink.
According to the lawsuit, a venti-sized cold drink is advertised as having 24 fluid ounces but only includes 14 ounces of the actual liquid. The rest, the suit says, is ice, sometimes leaving customers with only half the amount of drink they expected upon their purchase.
But Starbucks says the claims are "without merit."
"Our customers understand and expect that ice is an essential component of any 'iced' beverage. If a customer is not satisfied with their beverage preparation, we will gladly remake it," said Jamie Riley, a spokesperson for Starbucks.
The lawsuit is seeking monetary damages on behalf of everyone who has purchased an iced drink from Starbucks since 2006, Vox reported.
A lawsuit filed in March alleged Starbucks underfills its hot lattes by "approximately 25 percent."
Get ready to celebrate National Pretzel Day on Tuesday, April 26 with these delicious deals and freebies:
Auntie Anne's app users will get their choice of one free Original or Cinnamon Sugar Pretzel, redeemable from National Pretzel Day through May 1.
Customers can use this coupon to buy one pretzel breakfast sandwich and get the second one for free.
On National Pretzel Day, customers can stop by and receive a free Chill Zone beverage with the purchase of a hot pretzel (plain, salted, cinnamon sugar or pizza-filled) for $2.39.
Get a free soft pretzel by sharing a message of kindness on social media using the #WarmThoughts hashtag. No social media account? Just give an employee a nice compliment.
Customers can get a free original pretzel on National Pretzel Day. As a bonus, customers who like/follow Wetzel's on any of Wetzel's social media platforms (Facebook/Instagram/Twitter) and show the like/follow via mobile device or printout can choose to upgrade from an Original Pretzel to a free order of Pizza Bitz.
Chick-fil-A said it has pulled its Chocolate Chunk Cookies after its supplier issued a voluntary recall.
The supplier, CSM Bakery Solutions, recalled the treats because of the potential presence of undeclared peanut allergens, Chick-fil-A said.
Chick-fil-A decided to pull the cookies because it is advertised as peanut-free. The chicken-giant said it will keep the cookies off its menu until the issue is resolved.
Chick-fil-A said customers should discard purchased cookies or return them to Chick-fil-A locations for a full refund.
Chick-fil-A has a reputation for top notch service -- think friendly cashiers and a happy “my pleasure” after every order.
But the company treats some guests even better.
The chicken giant has an “A-List” program that offers some guests behind-the-scenes tours, access to special events and even free food.
But it’s by invitation only and not available at every location.
“Chick-fil-A’s A-list program began as a local restaurant initiative in 2013 and is currently offered in more than 1,100 Chick-fil-A restaurants nationwide,” said spokesman Mark Baldwin. “Customers are invited by franchisees to register which, in turn, allows the local restaurant team to get to know the customer better.”
Loyalty programs are nothing new in the retail industry. Most chains have some form of incentive for their best customers as a lure to keep them coming back.
Baldwin said Chick-fil-A’s goal is to create a one-on-one relationship with customers.
The customer gets “more personalized rewards and communication from his or her local restaurant,” he said. “The end result is a stronger relationship on both sides of the equation.”
How does a $1 sub sound to you?
You'll have the chance to get a $1 sub at participating Jimmy John's locations on Thursday as part of its Customer Appreciation Day.
The deal will be available in-store only from 11 a.m. to 3 p.m. on Thursday, April 21.
What sandwiches are eligible for the $1 deal?
For more info, visit Jimmy John's Customer Appreciation Day FAQs.
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