Last June, Krispy Kreme announced new partnership with Citymax Hotels Pvt. Ltd. for the development of 80 franchise Krispy Kreme retail locations over five years in the South and West regions of India. "Our new partnership with Citymax Hotels Pvt. Ltd. represents the extraordinary growth opportunity we believe exists for the Krispy Kreme brand in India," said Jeff Welch, Krispy Kreme president, international, in a press release.