Curated News
By: NewsRamp Editorial Staff
December 03, 2024

Virentes Partners Group Invests in 22 New Shipley Do-Nuts Franchise Locations

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Source News Release

TLDR

  • Virentes Hospitality has invested in 22 new franchise locations of Shipley Do-Nuts, providing a strategic advantage in the fast-growing food and beverage market.
  • Virentes Partners Group deploys flexible capital and operational expertise to support founder-led and high-growth partner companies, accelerating their growth while maintaining quality and excellence.
  • Virentes strives to enrich the lives of its team members and the communities it serves by creating warm and inviting atmospheres that celebrate connection, community, and the joy of sharing a meal.
  • Shipley Do-Nuts, founded in 1936, is one of the nation's oldest and largest donut brands, serving up its famous donuts, coffee, and kolaches to generations of guests.

Impact - Why it Matters

This news matters as it highlights the strategic investment of Virentes Partners Group in the expansion of Shipley Do-Nuts, a fast-growing brand. The partnership is crucial in bringing the Shipley magic to more communities, and it reflects the confidence of franchise partners in the brand's growth strategy.

Summary

Virentes Partners Group has invested in 22 new franchise locations of Shipley Do-Nuts, a fast-growing brand based in Houston. The investment is aimed at accelerating growth while maintaining quality and excellence. Shipley's CEO, Flynn Dekker, expressed confidence in the partnership, emphasizing the importance of expanding into new markets.

Virentes Hospitality, a portfolio asset of Virentes Partners Group, is focused on enriching the lives of its team members and the communities it serves. The geographical footprint currently includes Central and Northern Florida, Greater Nashville, Tennessee, and the Raleigh Durham Research Triangle in North Carolina. Shipley Do-Nuts, founded in 1936, is one of the nation's oldest and largest donut brands, with over 360 company-owned and franchised restaurants across 12 states.

Source Statement

This curated news summary relied on this press release disributed by 24-7 Press Release. Read the source press release here, Virentes Partners Group Invests in 22 New Shipley Do-Nuts Franchise Locations

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