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Krispy Kreme sells remaining Insomnia Cookies stake in bid to balance books

An Insomnia Cookies outlet at Penn Station in New York | Photo credit: Insomnia Cookies

The US doughnut and coffee chain posted a $33.4m first quarter loss amid falling US sales and an underperforming McDonald’s partnership, and will use the $75m sale to reduce debts 

US donut and coffee chain Krispy Kreme has sold its remaining stake in Insomnia Cookies for $75m. 

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