Krispy Kreme lays off 90 as it expands into Charlotte, London

News of layoffs at Krispy Kreme comes a year after the company sold itself for $1.35 billion to JAB Beech, a Luxembourg-based investment firm that also owns Keurig Green Mountain, Peet's Coffee & Tea and Caribou Coffee.

The company said it plans to open offices in Charlotte and London.

Krispy Kreme on Wednesday laid off about 90 employees at its Winston-Salem headquarters as the company grows its corporate presence in Charlotte and London.

"In order to best position our talent and infrastructure to enable that growth, we are making necessary, but hard, changes to our business", the company said in a statement. We deeply appreciate their contributions to the company and will assist them as much as possible during this hard time by providing severance, 2017 bonus, and health and outplacement benefits.

The doughnut maker says it will keep its global headquarters, and the majority of employees in Winston-Salem, and continue to operate its mix plant and equipment manufacturing in the Twin City. It is unknown at this time how numerous eliminated positions are based in Winston-Salem.