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Economy of Winston-Salem



It is the location of the corporate headquarters of BB&T (Branch Banking and Trust Company), HanesBrands, Inc., Krispy Kreme Doughnuts, Inc., Lowes Foods Stores, ISP Sports, Reynolds American (parent of R. J. Reynolds Tobacco Company), Reynolda Manufacturing Solutions, Southern Community Bank, K&W Cafeterias, and TW Garner Food Company (makers of Texas Pete). Wachovia Corporation was based in Winston-Salem until it merged with First Union Corporation in September 2001; the corporate headquarters of the combined company was located in Charlotte, until it was purchased by Wells Fargo in December 2008. PepsiCo
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