Connect with us

Business

Krispy Kreme could soon be back on the stock market

Anthony Lucas

Published

on

Krispy Kreme donuts

Just on the down-low, Krispy Kreme could be going public

The Krispy Kreme doughnut chain has confidentially filed an IPO with US regulators.

The move would see the chain return to the stock market after it was taken private 5 years ago.

The company had to withdraw from the market in the year 2000 after it filed for Bankruptcy.

Donuts no stranger to the markets

Krispy Kreme went public in 2000. It was one of the hottest stocks on Wall Street for years, before nearly collapsing amid an accounting scandal and money-losing doughnut shops.

However, the company was eventually able to save face, earning a $1.35 billion buyout by JAB.

The company has done well privately-held. Since 2015, according to data from Restaurant Business sister company Technomic, its global system sales have increased 58% to $960 million.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business

Fancy a ‘flight to nowhere’ to view the super-moon from up in the sky?

ticker NEWS

Published

on

In a bid to rebound from international and domestic border closures, Australian airline… Qantas has offered ‘flights to nowhere’.

Travel-starved Australian residents will have the chance to view the late-May supermoon and full lunar eclipse from over 40,000 feet in the sky.

The moon rises over the Sydney Harbour Bridge in Australia, Tuesday, April 27, 2021. This moon is a supermoon, meaning it appears larger than an average full moon because it is nearer the closest point of its orbit to Earth (AP Photo/Mark Baker)

But if you were hoping to get onboard, you’re already out of luck – the airline says all tickets were snapped up in record time… at just two and a half minutes.

The super-moon joy flight is the latest in a series of Qantas-operated trips to encourage travellers to take up travel in a post-pandemic world.

Continue Reading

Business

World’s largest fast-food restaurant chain now caught up in wage battle

Brittany Coles

Published

on

Would a pay rise be enough for you to be on the front-line… working at a drive-thru window rather than at home?

Customers are coming back faster than restaurants can staff up.

McDonald’s is the latest U.S giant to raise pay in a move to attract more applicants and keep up with customer demand.

McDonald’s and Chipotle are just some of the latest companies to follow Amazon, Walmart and Costco in boosting wages.

Hospitality workers are some of the lowest paid employees… even though they run the risk of contracting COVID-19 on the job, compared to white-collar employees who can work from home.

Continue Reading

Business

SpaceX will also be orbiting in Google’s cloud?

Brittany Coles

Published

on

SpaceX and Google have announced a deal.

The new deal will see Starlink ground stations placed in Google data centre properties…with the first to switch on in the second half of the year.

The goal is for businesses to reach cloud services from rural and regional parts of the planet.

Google said that Connectivity from Starlink’s constellation of satellites provides a path for data to be distributed across countries, quickly and securely

“Connectivity from Starlink’s constellation of low-Earth-orbit satellites provides a path for these organisations to deliver data and applications to teams distributed across countries and continents, quickly and securely,” Google said.

Also, Australian fibre provider, Vocus, has put a bid in to host LEO ground stations.

“This means having ground stations in regional areas close to where the end-users are located, to minimise round-trip time,” Vocus general manager for government and strategic projects Michael Ackland said.

In other Elon-related news, the SpaceX and Tesla CEO tweeted earlier this week that the carmaker would stop accepting bitcoin payments.

Continue Reading

Trending on Ticker

Copyright © 2021 Ticker Media Group Pty Ltd