It looks like Krispy Kreme just can't break down the yogis and shirtless rollerbladers in southern California. The doughnut chain announced that it has terminated the license of southern California franchisee, Great Circle Family Foods, LLC, which runs almost 30 Krispy Kreme franchises.
However, it's not just southern California. The company seems to be slipping into its own sugary glazed hole. The details are a bit messy with lawsuits last year and overall failing business. Krispy Kreme has not reported any finacial statements since late 2004, and its stock share prices have fallen. Franchisees in Canada and Pennsylvania have declared bankruptcy.
Guess Paula Deen's Krispy Kreme bread pudding wasn't enough to keep the stores in business.














