SocraticGadfly: Krispy Kreme going broke?

April 04, 2009

Krispy Kreme going broke?

Say it ain’t so! But, Moody’s has it on a list of “bottom-rung” companies that are most likely to default on debt payments. It’s all part of what may be the biggest troubled industry after cars, houses and newspapers in the current recession — restaurants. “Casual dine” chains, especially, overbuilt as much as cars and autos during the semi-good times earlier this decade and are now facing the financial piper.

No comments: