The evil donut empire strikes back

Creative Commons Licensephoto credit: KatieUlett
The Krispy Kreme accountants reported
selling 12 of these, however.

Apparently, Roseville’s fascination with chain restaurants has clouded its judgment as a Krispy Kreme doughnut factory and store is set to open on September 20th. The management team will hold a job fair from 9 a.m. to 4 p.m. on Tuesday, August 23rd at the new facility located at 10317 Fairway Drive. New jobs, great. I couldn’t help but think of CoolDMZ’s post from 2005 (man, has it been that long?) talking about the closure of the store on Arden Way.

Then this tidbit from the story:

The company, which entered the region’s market in about 2000, closed the last of its Sacramento Valley stores in 2007 amid an accounting scandal.

Accounting scandal? I just thought they failed because it was a fast food restaurant that only sold doughnuts. Go figure. So I browsed the innernets and found a lot of information on this scandal.

Yet, in carefully nuanced language, the Krispy Kreme investigators, led by two board members, hinted at the possibility of a willful cooking of the books. “The number, nature and timing of the accounting errors strongly suggest that they resulted from an intent to manage earnings,” the report said.

Yikes. But, yeah, it’s a business opening its doors and not shutting them so more power to them. I wonder if they’ll have valet parking.

Author: RonTopofIt

RonTopofIt is a complex personality, as are most of the small breed of modern day renaissance millionaires. He wishes more people were like him and yet believes that it takes all kinds. You've met RonTopofIt many times, you just don't remember him.

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