ST. LOUIS Sweet Traditions, a Krispy Kreme franchisee with development rights for Illinois, northwest Indiana and eastern Missouri, has filed for Chapter 11 bankruptcy protection, less than two weeks after the bankruptcy filing of a California-based franchisee. Sweet Traditions plans to close about half of its remaining 15 Chicago-area doughnut shops and cut about 25 percent of its 500 employees but remain in the Chicago market, according to a report Wednesday in the Chicago Tribune. ...
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Contact: Desiree Torres Desiree.Torres@penton.com