INDEX / DIRECTORY / KRISPY KREME

Krispy Kreme

Coffee & CafesRestaurants & Fast Food 59 CITED SOURCES UPDATED 2026-08-30 METHOD V6.4
BDS-1000 Score 508 /1000 C Tier C - High
Military ↗ 0.00 Digital ↗ 0.00 Economic ↗ 0.00 Political ↗ 6.10
OWNERSHIP TREE 0 brands and group businesses View all

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Key Findings

  • Economic: Reviewed filings and location materials identify no Krispy Kreme office, shop, warehouse, workforce, tax registration, or market-revenue disclosure in Israel or the occupied Palestinian territories; the company’s disclosed company-owned international markets do not include Israel.1, 2, 3
  • Political / ownership: JAB Indulgence B.V. was reported as beneficial owner of 43.0% of Krispy Kreme common stock as of 7 April 2026, with board-nomination and strategic-consultation rights. Joh. A. Benckiser B.V., part of the disclosed JAB beneficial-ownership chain, funds the Reimann-family-established Alfred Landecker Foundation, whose four-part, non-commercial partnership with Hebrew University received an €11 million / $13 million commitment. Under the current rubric’s controlling-principal rule, that sustained institutional partnership is attributed to the target in Political.4, 5, 6
  • Not found: No public evidence identified of Israeli military or security contracts, Israeli-origin enterprise-technology relationships, or confirmed Krispy Kreme operations in Israel or the occupied territories.1, 2, 7

Target Profile

FieldDetail
Company NameKrispy Kreme, Inc.
JurisdictionDelaware, United States.1
HeadquartersCharlotte, North Carolina, United States.1
SectorConsumer food-service company: doughnuts, coffee, and related food-service products.1
OwnershipNasdaq-listed under DNUT. As of 7 April 2026, JAB Indulgence B.V. was reported as beneficial owner of 43.0% of common stock; BNP Paribas SA was reported at 8.9%.4
Key Executives / GovernanceJoshua Charlesworth (President and CEO); Patricia Capel (Board Chair and JAB Senior Partner); named 2026 director nominees included David Deno, Patrick Grismer, Bernardo Hees, David Shear, Easwaran Sundaram, and Melissa Werneck.4
Israeli-Nexus SummaryNo direct Krispy Kreme commercial, operational, military, digital, settlement, or management act was identified. The scored Political nexus is instead the current rubric’s attribution of a major-shareholder-group act: JAB/Reimann-group funding of the Alfred Landecker Foundation’s sustained, non-commercial Hebrew University partnership.1, 2, 4, 5, 6

Key Facts:

Executive Summary

Krispy Kreme is a U.S.-incorporated public food-service company whose audited record describes doughnut, coffee, retail, delivery, and franchise operations. Its disclosed company-owned international operations cover the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, and Japan; its franchise model is global, but reviewed filings and location materials did not verify a Krispy Kreme operation in Israel, the West Bank, East Jerusalem, Gaza, or the Golan Heights.1, 2, 3

Across the military and digital domains, the documented findings are negative: no public evidence was identified of contracts, procurement, catering, logistics, technology deployment, or partnerships involving Krispy Kreme and the Israeli Ministry of Defence, Israel Defense Forces, intelligence agencies, police, or other state-security bodies.1, 7 No public evidence was identified of Israeli-origin enterprise-software, surveillance, cloud, AI, or cyber-security vendors being deployed for Krispy Kreme in the reviewed records.1, 8, 9

Krispy Kreme’s ownership structure and affiliated-brand context require careful separation. The 2026 proxy identifies JAB Indulgence B.V. as a 43.0% beneficial owner, identifies Joh. A. Benckiser B.V. within the beneficial-ownership chain, and documents JAB board-nomination and strategic-consultation rights.4 The Alfred Landecker Foundation states that it was established by the Reimann family and that Joh. A. Benckiser B.V. committed €250 million over ten years, with an indefinite ongoing commitment.6 The Foundation and Hebrew University describe a €11 million / $13 million, four-part partnership launched in 2020, with later activity documented in 2025 and 2026.5, 10, 11 The programmes concern Holocaust research, international legal thought, minority protection, and human rights; no defence, security, military, or dual-use research component was identified.5

The examiner-approved and human-vetted V6.4 result is BRS 508, Tier C (Substantial Complicity). The entire score is Political: the current rubric expressly treats a non-commercial partnership with an Israeli state academic institution as Institutional Legitimation and carries the major shareholder group’s act through to the target under its controlling-principal rule. This is a rubric-based attribution, not a claim that Krispy Kreme management funded the programme or that the company has Israeli military, digital, economic, settlement, or direct operating activity; Military, Digital, and Economic each score 0.00.1, 2, 4, 5, 6

Timeline of Relevant Events

DateEvent
2012NCR stated that it would implement Aloha restaurant technology at Krispy Kreme’s U.S. corporate-owned sites and make it available to franchisees; the statement described cloud-hosted transactional data, configuration, and management, without identifying an Israeli nexus.8
2019The Reimann family established the Alfred Landecker Foundation; the Foundation records Joh. A. Benckiser B.V.’s €250 million ten-year funding commitment and an indefinite ongoing commitment.6
9 September 2020The Alfred Landecker Foundation and Hebrew University announced a $13 million / €11 million commitment covering four research and teaching initiatives.5
November 2023Israel’s Ministry of Defense announced a contribution channel for war-effort aid and IDF-base reconstruction; no reviewed source links Krispy Kreme, a subsidiary, or its historical Americana franchise relationship to that channel.12
2024Americana Restaurants reported 388 Krispy Kreme restaurants and $87 million in Krispy Kreme brand revenue. Its disclosed operating footprint did not identify Israel.13
November 2024Krispy Kreme reported later that U.S. data-breach litigation arose from a November 2024 cybersecurity incident; the filing does not establish an Israeli technology or state-security nexus.14
10 June 2025An indirect wholly owned Krispy Kreme subsidiary sold or redeemed its remaining equity interest in Insomnia Cookies Holdings, LLC and thereafter held no equity interest in Insomnia.15
17 June 2025The Foundation published an interview about continuing work at a funded Landecker Digital Justice Lab at Hebrew University.10
September 2025A case study reported infrastructure upgrades at more than 40 Krispy Kreme Australia and New Zealand sites using Cisco Meraki equipment and support services; it did not establish Israeli-origin technology use.9
28 December 2025Krispy Kreme reported 2,125 branded shops in 42 countries. Its listed company-owned International markets did not include Israel.1
7 April 2026Krispy Kreme’s proxy reported JAB Indulgence B.V. as beneficial owner of 43.0% of common shares and BNP Paribas SA at 8.9%.4
28 May 2026The Foundation reported the opening at Hebrew University of an exhibition produced by the Foundation-supported Jacob Robinson Institute.11

Corporate Overview

Krispy Kreme, Inc. is a Delaware corporation with principal executive offices in Charlotte, North Carolina. Its annual reporting defines “Krispy Kreme” and the “Company” as the parent and its consolidated subsidiaries.1 The company’s business is consumer food service, built around doughnuts, coffee, related products, branded shops, points of access, delivery channels, and franchise arrangements.1

The company reported three segments in fiscal 2025: U.S.; company-owned International operations; and Market Development, which contains global franchise operations.1 Its material-subsidiary exhibit lists entities in the United States, Canada, Spain, England and Wales, Brazil, Australia, Japan, the United Arab Emirates, France, Ireland, Mexico, and New Zealand. It did not list an Israel-incorporated subsidiary; however, that disclosure is not a complete register of franchisees, subfranchisees, retail-delivery points, resellers, or non-material entities.2

The audited evidence does not identify an Israeli Krispy Kreme franchisee or a confirmed shop in Israel or the occupied territories. Americana Restaurants has been documented as a major Krispy Kreme franchise operator in MENA and Kazakhstan; its disclosed markets include Gulf states, Egypt, Jordan, and other markets, but do not identify Israel. This is evidence of Americana’s disclosed footprint, not conclusive proof concerning every possible current or future Krispy Kreme franchise arrangement.13, 16

Domain Summaries

Military: Military

Mechanism of Involvement

No public evidence identified of a contract, tender, procurement award, framework agreement, memorandum of understanding, catering arrangement, logistics contract, or other supply relationship between Krispy Kreme or a confirmed franchise partner and Israeli military, security, prison, police, or intelligence bodies.1, 7

Krispy Kreme’s products are consumer food-service items. No public evidence identified of tactical, ruggedised, military-specified, contract-modified, dual-use, weapons, munitions, strategic-platform, heavy-equipment, construction, or defence-prime supply activities. No public evidence identified of Krispy Kreme equipment or operations at Israeli military installations, settlements, the separation barrier, or occupied territory.1, 17, 7

The company offers a U.S.-domestic retail discount programme for U.S. military personnel on Veterans Day at participating locations. The audit characterises this as a consumer loyalty initiative for individual customers, rather than a military supply contract or armed-forces partnership.18

Counter-Arguments and Evidence Limits

The strongest counter-argument is the company’s civilian product scope and the absence of evidence of Israeli state-security customers. Krispy Kreme’s disclosed business concerns food products and franchised retail, rather than strategic goods or defence services.1

The absence findings are bounded by reviewed source classes and do not establish universal absence. Nevertheless, no evidence was identified in the reviewed procurement, corporate, civil-society, and public-record materials of an Israeli defence or security relationship.17, 19, 7

Named Entities and Evidence Map

Digital: Digital

Mechanism of Involvement

Krispy Kreme uses digital ordering through branded platforms, third-party delivery applications, and customer digital channels.1 Public material identifies historical NCR Aloha restaurant technology, a FluidOne hybrid SD-WAN case study, and a 2024–25 Australia/New Zealand infrastructure upgrade using Cisco Meraki equipment.8, 9, 21

No public evidence identified of a Krispy Kreme relationship with a verified Israeli-origin enterprise-software, cyber-security, surveillance, biometric, cloud, AI, or autonomous-systems vendor. No public evidence identified that the identified NCR, FluidOne, or mcrIT engagements deployed Israeli-origin technology.8, 9, 21

A 2023 Illinois complaint alleged employee fingerprint enrolment and time-clock scans. It is an allegation, not a finding; it did not identify the timekeeping vendor or an Israeli-origin component.22

Counter-Arguments and Evidence Limits

The most substantial defence is that the reviewed technology evidence is ordinary restaurant, network, ordering, and operational infrastructure, without a demonstrated Israeli-state, Israeli-vendor, surveillance, or military application.1, 8, 9

Public disclosures do not enumerate every SaaS vendor, sub-processor, cloud region, data-routing path, or data-residency control. Accordingly, the audit’s negative finding is not proof that no unreported vendor relationship exists; it is a finding that no public evidence of the specified nexus was identified.1, 2, 21

Named Entities and Evidence Map

Economic: Economic

Mechanism of Involvement

Krispy Kreme identifies flour, shortening, and sugar as principal ingredients, produces proprietary mix and concentrate in North Carolina for international shipment and local blending, and uses approximately 20 principal vendors. Its public filing does not name vendors, source countries, Israeli agricultural exporters, or an Israeli importer of record.23

No public evidence identified of Israeli or settlement-origin ingredients, supplier relationships, investment, facilities, R&D sites, securities holdings, state financing, Israel-specific revenue, tax payments, royalties, franchise fees, repatriated earnings, or economic activity in Israel or the occupied territories.1, 2, 23

Counter-Arguments and Evidence Limits

The company’s disclosed footprint is inconsistent with a verified Israel-based company-owned operation: its named company-owned International markets do not include Israel, and no Israel-incorporated material subsidiary was listed.1, 2 Americana’s disclosed markets also did not identify Israel.13

However, the global franchise segment and incomplete public country-by-country franchise disclosure mean that these results do not conclusively exclude every possible franchise, subfranchise, reseller, or future arrangement. The audit therefore does not claim comprehensive worldwide absence; it records no public evidence identified within the reviewed materials.1, 2, 16

Named Entities and Evidence Map

Political: Political

Mechanism of Involvement

JAB Indulgence B.V. held a reported 43.0% beneficial interest in Krispy Kreme as of 7 April 2026. The disclosed ownership chain includes Joh. A. Benckiser B.V.; JAB also held rights to nominate two directors and to be consulted on board composition, major transactions, and significant capital expenditure, subject to the board’s ultimate authority.4

The Alfred Landecker Foundation states that the Reimann family established it and that Joh. A. Benckiser B.V. committed €250 million over ten years, followed by an indefinite ongoing commitment.6 The Foundation’s Hebrew University partnership received an €11 million / $13 million commitment for four initiatives, described as a sustainable, long-term research and teaching collaboration; official updates document activity in 2025 and 2026.5, 10, 11

The V6.4 rubric classifies this non-commercial partnership with an Israeli state academic institution as Institutional Legitimation. Its controlling-principal carry-through rule attributes the integrated shareholder-group act to Krispy Kreme for scoring, yielding I=6.10, M=7.00, and P=9.00. The attribution is analytical: the reviewed sources do not say Krispy Kreme management selected, funded, administered, or publicly endorsed the programmes.4, 5, 6

Counter-Arguments and Evidence Limits

The record does not document an Israel/Palestine statement, lobbying act, settlement operation, military donation, or direct political act by Krispy Kreme management. The company is absent from the reviewed OHCHR updates, the 2025 UN Special Rapporteur report, and the BDS National Committee corporate-priority guide.20, 17, 19

The Foundation’s documented Hebrew University support concerns Holocaust research, international legal thought, minority protection, and human rights, with no identified defence, security, military, or dual-use research component.5 A cancelled Pret a Manger Israel franchise agreement concerned a separately operating JAB sibling brand and is not attributed to Krispy Kreme.24 These limits constrain what the 508/C score means, but do not negate the current rubric’s narrower major-shareholder, controlling-principal institutional-legitimation finding.

Named Entities and Evidence Map

BDS-1000 Score

DomainIMPV-Domain Score
Military0.000.000.000.00
Digital0.000.000.000.00
Economic0.000.000.000.00
Political6.107.009.006.10

The examiner-adjudicated V6.4 result is driven entirely by Political. I=6.10 places the sustained, non-commercial Hebrew University partnership at the lower edge of Institutional Legitimation; M=7.00 reflects its four-part, multi-year national-institution scale; P=9.00 applies the rubric’s mandatory controlling-principal carry-through. Military, Digital, and Economic are each 0.00. The method is scale-free and evidence-only: impact is assessed alongside magnitude and proximity/directness, with findings subject to examiner and human vetting.4, 5, 6, 10, 11

Methodology Note

Footnotes

  1. https://www.sec.gov/Archives/edgar/data/1857154/000185715426000015/dnut-20251228.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14 ↩15 ↩16 ↩17 ↩18 ↩19 ↩20 ↩21 ↩22 ↩23 ↩24 ↩25 ↩26 ↩27

  2. https://www.sec.gov/Archives/edgar/data/1857154/000185715426000015/exh211-listofsubsidiariesf.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12 ↩13 ↩14

  3. https://www.krispykreme.com/locations ↩ ↩2 ↩3

  4. https://www.sec.gov/Archives/edgar/data/1857154/000119312526182138/d90101ddef14a.htm ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  5. https://www.alfredlandecker.org/en/projects/cooperation-with-the-hebrew-university-of-jerusalem ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10 ↩11 ↩12

  6. https://www.alfredlandecker.org/en/article/the-story-of-the-alfred-landecker-foundation ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8 ↩9 ↩10

  7. https://en.wikipedia.org/wiki/Krispy_Kreme ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7 ↩8

  8. https://investor.ncr.com/static-files/cc41f151-c3c7-42eb-80b1-ff17ab01347a ↩ ↩2 ↩3 ↩4 ↩5 ↩6

  9. https://mcr.com.au/case-studies/krispy-kreme-case-study/ ↩ ↩2 ↩3 ↩4 ↩5 ↩6 ↩7

  10. https://www.alfredlandecker.org/en/article/interview-mit-renana-keydar ↩ ↩2 ↩3 ↩4

  11. https://www.alfredlandecker.org/en/article/ausstellungser%C3%B6ffnung-jacob-robinson ↩ ↩2 ↩3 ↩4

  12. https://mod.gov.il/en/press-releases/press-room/support-channel-established-for-donations-towards-idf-base-reconstruction-near-the-gaza-border-and-general-aid-for-the-war-effort ↩

  13. https://www.americanarestaurants.com/wp-content/uploads/2025/03/Integrated-AR_Americana_Restaurants_2024_ENG-V2.pdf ↩ ↩2 ↩3 ↩4

  14. https://www.sec.gov/Archives/edgar/data/1857154/000185715425000131/dnut-20250629.htm ↩

  15. https://www.sec.gov/Archives/edgar/data/1857154/000185715425000078/dnut-20250610.htm ↩

  16. https://www.sec.gov/Archives/edgar/data/1857154/000185715422000127/dnutinvestordaydeckvfina.htm ↩ ↩2 ↩3 ↩4

  17. https://www.ohchr.org/en/press-releases/2023/06/un-human-rights-office-updates-database-businesses-involved-israeli ↩ ↩2 ↩3 ↩4 ↩5

  18. https://www.krispykreme.com/promos/military-discount ↩

  19. https://docs.un.org/en/A/HRC/59/23 ↩ ↩2 ↩3 ↩4

  20. https://bdsmovement.net/Guide-to-BDS-Boycott ↩ ↩2

  21. https://www.fluidone.com/hubfs/FluidOne_July_2022/pdf/Krispy-kreme.pdf ↩ ↩2 ↩3 ↩4

  22. https://s3.amazonaws.com/jnswire/jns-media/1c/f0/12608138/bipa_coleman_v_krispykreme.pdf ↩

  23. https://www.sec.gov/Archives/edgar/data/0001857154/000119312525100557/d825354dars.pdf ↩ ↩2

  24. https://en.wikipedia.org/wiki/JAB_Holding_Company ↩ ↩2 ↩3