Shop Talk

Retailers, consumers and prices

Time to make the donuts, file for bankruptcy

July 6, 2009

buying-dunkin-donuts-coffeeDunkin’ Donuts franchise operator Kainos Partners Holding Company LLC became one of the latest companies to file for bankruptcy on Monday.

The company cited customers under extreme financial stress, as well as higher food costs, in its filing.  It follows two other Dunkin’ Donuts franchisees who filed for bankruptcy in June.

Another issue at Kainos?  The company said it found out that its CFO had engaged in $420,000 worth of financial transactions involving company assets for his personal use.  The executive was fired in February.

Seems like times have changed a bit for the company.  Kainos Partners received Dunkin Brands Rising Star of the year award for 2006 and Developer of the Year for 2007.

(Reuters photo)

Comments

How is that possible, nothing beats the recession blues better than a couple of donuts.

 

The best part of a Dunkin’ Donut is the hole. They are just like our Government when it comes to taxes, what we pay and what we get for our taxes.

Posted by Sandman | Report as abusive
 

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
  •