Krispy Kreme Sells Remaining Stake in Insomnia Cookies
Krispy Kreme, Inc., announced the sale of its remaining stake in Insomnia Cookies Holdings, LLC to Insomnia Cookies and certain existing shareholders involved in the July 17, 2024, sale of the company’s majority ownership stake.
Krispy Kreme received aggregate cash proceeds of $75 million from the transaction, which is expected to be used for debt pay down after transaction-related fees and expenses.
“We continue to take swift, decisive action to de-leverage our balance sheet and drive sustainable, profitable growth,” said Krispy Kreme CEO, Josh Charlesworth. “This is an important step as we focus on our two biggest opportunities: profitable U.S. expansion and capital-light international franchise growth. We wish Insomnia Cookies and their ownership group well as they work to realize the full potential of this unique brand.”
Headquartered in Charlotte, N.C., Krispy Kreme is one of the most beloved and well-known sweet treat brands in the world. Our iconic Original Glazed® doughnut is universally recognized for its hot-off-the-line, melt-in-your-mouth experience. The company operates in more than 40 countries through its unique network of fresh doughnut shops, partnerships with leading retailers, and a rapidly growing digital business with more than 17,500 fresh points of access. Our purpose of touching and enhancing lives through the joy that is Krispy Kreme guides how we operate every day and is reflected in the love we have for our people, our communities, and the planet. Connect with the company at KrispyKreme.com and follow us on social: X, Instagram and Facebook.
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Whiskey Maker Launches One for All Project to Aid Fire Departments
Proper No. Twelve Irish Whiskey announces the launch of the One for All Project, a nationwide initiative addressing the severe funding crisis facing fire departments across the United States. Proper No. Twelve has always stood behind the courageous heroes who fight for us every day, having donated over $5 million to first responders since the brand’s inception. Now, rooted in its core values of loyalty, camaraderie, and community, the brand is deepening that commitment through a long-term, strategic effort to support firefighters across America.
The reality for the firefighter community is stark: 72% of career and volunteer fire departments report not having enough funding to cover basic operations, compelling firefighters to use personal funds for necessary equipment like safety gear and specialized tools. According to the National Fire Protection Association, every $1 invested in disaster mitigation saves communities $6 in reduced damage and emergency costs, yet departments continue to face significant financial challenges. The One for All Project represents Proper No. Twelve’s commitment to addressing this critical—and unacceptable—issue.
In the program’s initial phase, Proper No. Twelve provided 12 firehouses with $10,000 grants to help cover the costs of essential safety gear, equipment, and station repairs. One of these firehouses – The Jersey City Fire Department, Engine 11 – was selected to receive $40,000 of additional funding to complete a transformational project, revitalizing a critical community resource.
Proper No. Twelve is proud to announce that applications are now open for 12 additional firehouses to receive $10,000 grants. Firehouses are encouraged to visit ProperTwelveOneForAll.com for more information on the program and to apply.
For Engine 11, funding is enabling upgrades of two vital spaces in disrepair: Gear storage will be upgraded from cramped cages that are not up to code to state-of-the-art lockers that allow for proper drying of gear and quicker access. Their kitchen—a critical communal space where firefighters rest, recharge, and share meals—will be transformed into a modern, functional area. “Nationwide, fire departments like ours are facing a growing funding crisis, making it harder to secure the basic tools and equipment needed to keep ourselves and our communities safe,” said Chief Robert Daly of the Jersey City Fire Department. “This incredible support from the One For All Project will help us bridge that gap, ensuring that our firefighters can do their jobs safely and effectively. Just as Proper No. Twelve stands for loyalty and camaraderie, our firehouse is built on those same values—we’re a tight-knit community serving our community.”
To learn more about the One For All Project and the 12 inaugural grantees from Jersey City, NJ; Sahuarita, AZ; North Mankato, MN; Livingston, TN; Krum, TX; Jasper, GA; Grand Ridge, IL; Tallahassee, FL; Santa Monica, CA; Eustis, FL; Denver, CO; and Orlando, FL, visit ProperTwelveOneForAll.com.
Proper No. Twelve invites all eligible firehouses with 501(c)(3) status to apply now at ProperTwelveOneForAll.com by June 24. The public will also have the chance to make a direct impact by voting for the firehouses that will receive this essential funding between July 1 and July 8.
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Pete & Gerry’s Launches No Kid Hungry Fundraiser
Pete & Gerry’s Organics, LLC, a pioneer in humane egg farming for nearly 30 years, announced the launch of its summer-long promotion aimed at supporting No Kid Hungry’s mission of aiding children in poverty and ending childhood hunger. Throughout June, July, and August, Pete & Gerry’s will be donating one meal to No Kid Hungry for every carton of eggs sold, up to 250,000 meals, as well as matching internal employee donations made by employees up to an additional $5,000.
Pete & Gerry’s is celebrating the fifth year of its partnership with No Kid Hungry by committing to provide more than 1.5 million meals and over one million eggs to children in need of high-quality nutrition in 2025. With childhood food insecurity historically spiking during the summer season due to restricted school meal access, Pete & Gerry’s is “egg-ceeding” its annual contribution efforts with this additional “Sunny-Side Summer: School’s Out, Giving’s In” promotion.
“The work No Kid Hungry does to support children in need is truly inspiring, and we’re honored to contribute to advance their mission,” said Phyllis Rothschild, Chief Marketing Officer at Pete & Gerry’s. “We believe access to nature’s perfect protein—eggs—should be fundamental, especially for growing bodies and developing brains. Thanks to the outdoor lifestyle our free-range and pasture-raised hens enjoy, our eggs are delicious, high-quality and rich in choline, a key nutrient for brain development in children. We’re proud to help increase access to both eggs and nutritious meals through this meaningful collaboration.”
In addition to the “Sunny-Side Summer” promotion, Pete & Gerry’s has also strengthened its support of No Kid Hungry by teaming up with Donald Driver, former Green Bay Packers NFL star and activist for fitness, nutrition, and food access. The partnership is helping drive even greater visibility and energy to the campaign. Donald is a longtime advocate for ending childhood hunger rooted in his personal experiences growing up.
“No child should have to wonder where their next meal is going to come from, let alone where their next nutritious meal will come from. Yet, this is an unfortunate reality for far too many children,” said Donald Driver, NFL Super Bowl and Dancing with the Stars Champion and Pete & Gerry’s Brand Ambassador. “I’m proud to work alongside Pete & Gerry’s to make meaningful impact in local communities, supporting childhood nutrition while also uplifting family farmers across the US. I truly believe this promotion is exactly the kind of effort we need to help more kids thrive.”
Pete & Gerry’s invites you to join their efforts to give families all over the country direct access to nutritious, high-quality staples by making a donation today here.
To learn more about Pete & Gerry’s partnership with No Kid Hungry, please visit peteandgerrys.com or the brand’s Instagram, TikTok, X, and Facebook pages.
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