05:00 PM EDT, 03/24/2026 (MT Newswires) -- Krispy Kreme (DNUT) said Tuesday it has completed a deal with its joint venture partner WKS Restaurant Group to increase WKS's stake in the Western US joint venture to 80% from 45%, and expand the joint venture's footprint.

The total amount payable to Krispy Kreme in connection with the deal is about $90 million, with roughly $50 million of cash at closing, which it will use to cut debt, and a note payable over time, the company said.

Krispy Kreme also said it has closed on its previously announced agreement for Unison Capital to buy its operations in Japan.

Cash proceeds from the deal were nearly $70 million and were used to pay down debt, after deal-related fees and expenses, the company said.