WKS Restaurant Group

Franchisee Original Entrepreneurs has worked with the brand since 2017, and has experience running donut shops in a highly competitive environment.

WKS Restaurant Group promotes Jay Spongberg to president and COO

Jay Spongberg promoted to President and COO of WKS Restaurant Group

- Quick Service - Finance - Franchising - News Krispy Kreme narrows losses amid turnaround plan The doughnut chain's revenue fell 12.8%, driven by refranchising efforts and strateg

Suk Nicholas, a 15-year company veteran, will oversee the chain’s fresh delivery business globally and in the U.S.

With its shift to third-party logistics complete, the company is focusing on refranchising, improving operations, growing digital sales and making better doughnuts.

Krispy Kreme reported a slight increase in systemwide sales as the brand focuses on a turnaround strategy involving refranchising and expanded points of access for its products.

Krispy Kreme concluded a sweeping $90 million agreement with joint venture partner WKS Restaurant Group in late March.

Roland Spongberg, a successful franchisee and entrepreneur, gives back to the community through his generosity and philanthropic efforts.

So many different mandates and new instructions from the government

Monthly digest of selected news items on unit growth, investment, and financial developments in the franchise industry.

WKS Restaurant Group acquires 52 Wendy's restaurants and Pennant Foods Corp through a partnership with CapitalSpring.

CapitalSpring provided financing support to WKS Restaurant Group for the purchase of Pennant Foods, a leading multi-brand restaurant franchisee with 52 Wendy’s restaurants in Southern California.