Doughnut brand Krispy Kreme has signed a development agreement to open 20 stores in Bangladesh.

The company has entered a franchisee agreement with Orion Group which will open the stores throughout Bangladesh over a five year timeframe. Orion Group is involved in hospitality, pharmaceuticals, cosmetics and toiletries, infrastructure development, real estate and construction, power, agriculture, textiles, apparel and aviation management.

“As the restaurant industry and consumer embracement of international food brands continue to grow in our country, we look forward to bringing Krispy Kreme’s unique products and in-store experience to Bangladesh consumers,” said Ifzal Ahmed, a director of Orion Group.

Dan Beem, Krispy Kreme president – International, said Orion Group has positioned itself as a market leader across multiple business sectors in Bangladesh and its proven business aptitude and first-hand knowledge of Bangladesh’s rapidly growing consumer market will be indispensable assets in establishing the Krispy Kreme brand and experience in Bangladesh.

“We expect Krispy Kreme to become an integral part of Bangladesh‘s culture for many years to come.”

Krispy Kreme can be found in more than 875 locations in over 20 countries.