Australian Arm of Krispy Kreme Donuts goes into Administration
One thing I admire about Australians is our intolerance of low quality food.
Several American food chains that are big overseas ended up closing their doors or winding back their operations in response to poor patronage or low profitability in Australia. These include:
- Taco Bell, which closed their doors in 2005. I once sampled one of their tacos in the George St store, near the Sydney CBD cinema district. I could describe that taco as resembling ground-up roadkill with grated cheese in a cheap, squashed, cracked shell. That was my first and last visit.
- Starbucks, which closed 64 its Australian stores, representing three quarters of its total operation, leaving only 23 running. Even now, Starbucks Australia is still unprofitable and is only operating due to the financial backing by its parent company in the USA. For me, their coffee was tolerable, but vastly inferior to the many small cafes which have coffee machines operated by trained baristas, who offer good coffee at a cheaper price.
Now, Krispy Kreme donuts has gone into voluntary administration. They blame expenses, but the fact is, if their product was popular enough, it would pay for those expenses. The fact is, their product is a nutritional bomb, high in sugar, saturated fat and carbohydrates – amongst the worst of its class. Picturing a box of those in my head makes me feel sick. It is telling that one of their largest stores is in Penrith. There are other local chains like Michel’s Patisserie that offer better much better quality fare.