Look, we had a shitload of Oscars coverage yesterday so I understand you might have missed this. It’s big news. Doughnut Time is closing half of it’s stores. You might need time to process this, and that’s ok.

The doughnut king that managed to spark the big-freaky-doughnuts trend has admitted to Broadsheet that the reasoning behind selling the company and closing half the Australian stores is due to expanding too quickly.

I am accepting the blame, I expanded too quickly,” Griffiths said.

I guess I had too many big ideas and dreams when I started the development of Limes [Hotel], and then expanded Doughnut Time around Australia.

Those mint green holy-in-the-wall doughnut spots – that gave many across BrisbaneSydney, and Melbourne incredible sugar rushes with their monster delicacies – will be severely reduced in numbers as founder Damian Griffiths sold the company to former CEO Dan Strachotta, in an attempt to get himself out of serious legal strife as a result of multiple staff members taking the company to Fair Work over a pay dispute to the tune of over $70k.

Hands up if you're getting excited for Mardi Gras! ????????‍♀️????

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The stores that will remain are Newtown in Sydney, South Bank and Clayfield in Brissy, Mermaid Beach on the Gold Coast, and FitzroyDegraves St, and Chapel St stores in Melbourne.

Now if you need me, I’ll be out the back of the closing Sydney stores with a large hessian bag, you can’t stop me.

Source: Broadsheet
Image: Instagram