Krispy Kreme to sell Japan operations to Unison Capital for $65m

The sale is expected to close in the first quarter of 2026.

Krispy Kreme has agreed to sell its Japan business to private-equity firm Unison Capital.

The company expects to receive about $65m from the deal, depending on how the Japan unit performs in fiscal 2025.

The sale is expected to close in the first quarter of 2026.

Krispy Kreme entered Japan in 2006 with a store in Tokyo’s Shinjuku district and has since expanded to 89 shops and roughly 300 delivery points across major cities.

Unison Capital, founded in 1998, focuses on investments in consumer, healthcare, and business services. It manages about $5b across funds in Japan and South Korea and has previously invested in food and beverage chains and a wine retailer.