Krispy Kreme to purchase majority stake in Insomnia Cookies

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Courtesy: Krispy Kreme Doughnuts(NEW YORK) — Popular donut chain Krispy Kreme is poised to acquire a majority stake in cookie delivery company Insomnia Cookies, the company announced Friday.

The terms of the agreement were not disclosed.

Krispy Kreme CEO Mike Tattersfield says the companies “will continue to operate independently” but “can learn a great deal from each other as we each continue to expand and grow.”