First the missile shield, now this. Will the escalation end before annihilation?

Krispy Kreme Preps Tokyo Move

Krispy Kreme Doughnuts Inc. awarded development rights for the greater Tokyo area to a Japanese joint venture company.

A group comprised of Revamp Corp., Lotte Co. Ltd. and the head of Lotte will establish about 40 Krispy Kreme sites in Tokyo during the next five years.

Lotte is Krispy Kreme's South Korean franchisee, the U.S. company said Wednesday in a statement.

The value of the development deal was not disclosed.