JAB Holding Company

JAB Holding Company
Private
Headquarters Luxembourg[1]
Key people
 Peter Harf, Bart Becht, Olivier Goudet, Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen, Wolfgang Reimann
Subsidiaries Coty, Inc.
Peet's Coffee & Tea
(Mighty Leaf Tea)
Caribou Coffee
Jacobs Douwe Egberts
Einstein Bros. Bagels
Keurig Green Mountain
Krispy Kreme

JAB Holding Company[2] (“JAB” or Joh. A. Benckiser) is a privately held business group[3] headquartered in Luxembourg focused on investments in companies with premium brands in the Consumer Goods category.[4]

Overview

JAB’s portfolio includes a minority stake in the consumer products company Reckitt Benckiser,[5] a majority stake in Coty, Inc., a majority stake in Peet’s Coffee & Tea, a majority stake in Caribou Coffee Company, a majority stake in Jacobs Douwe Egberts (JDE) (resulting from the combination of D.E. Master Blenders and Mondelēz International's coffee portfolio), a majority stake in Einstein Noah Restaurant Group, and a majority stake in Jimmy Choo Ltd.[6][7][8][9] JAB also owns Bally, Belstaff, Zagliani, Espresso House and Baresso Coffee A/S.[10][11][12]

In August 2014, under the Peet's Coffee and Tea brand, JAB acquired Mighty Leaf Tea, a specialty tea retailer based in the San Francisco Bay Area.[13] In October 2015, Peet's Coffee & Tea also acquired a majority stake in Chicago-based Intelligentsia Coffee & Tea.[14] making this the second purchase in a month following the acquisition of Portland, Oregon's Stumptown Coffee.

In March 2016, JAB and other investors acquired Keurig Green Mountain for $13.9 billion.[15][16] In May 2016, JAB-controlled JAB Beech reached an agreement to acquire US doughnut shop operator, Krispy Kreme, for $1.35 billion.[17]

Ownership

JAB is 95% owned by four of Albert Reimann, Jr.'s nine adopted children. Each child inherited 11.1% ownership in JAB on his death in 1984. In the following years, five of the heirs sold their stakes to the other four: Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen and Wolfgang Reimann. As of January 2015, each of the four owns about $3.8 billion in JAB shares.[18]

References

  1. ↑ Arash Massoudi (September 11, 2012). "Coty postpones $700m IPO amid slowdown". Financial Times.
  2. ↑ William Alden (September 29, 2014). "Bagel Maker Einstein Noah Sold to German Firm for $374 Million". The New York Times.
  3. ↑ Jonathan Braude (October 17, 2014). "Jimmy Choo bravely steps onto London market after IPO". The Deal (magazine).
  4. ↑ Chelsey Dulaney (September 29, 2014). "Einstein Noah Agrees to $374 Million Buyout". The Wall Street Journal.
  5. ↑ Joan E. Solsman (July 23, 2012). "Peet's Coffee to Be Taken Private for $1 Billion". The Wall Street Journal.
  6. ↑ Macdonald, Alastair; Geller, Martinne; Landini, Francesca (5 May 2015). "Mondelez, D.E Master Blenders coffee venture gets EU nod". Reuters.
  7. ↑ Mary Ellen Podmolik (September 29, 2014). "JAB Holdings to buy bagel seller Einstein Bros.' parent for $374 million". Los Angeles Times.
  8. ↑ Mary Ellen Podmolik (September 29, 2014). "Einstein bagels parent to be acquired by majority owner of Peet's, Caribou Coffee". Chicago Tribune.
  9. ↑ Julia Kollewe and Jill Treanor (October 17, 2014). "Jimmy Choo shares edge higher on stock market debut". The Guardian.
  10. ↑ Jana Simmons (October 17, 2014). "Jimmy Choo Lists in London, With Shares at Bottom of Range". The Wall Street Journal.
  11. ↑ "JAB Furthers Coffee-Shop Expansion With Deal for Nordic Leader". Bloomberg Business. 2 June 2015.
  12. ↑ Kongskov, Jesper; Friis, Lasse (22 June 2015). "Baresso sold to German coffee family". Berlingske Business.
  13. ↑ "Peet's Coffee & Tea Acquires Mighty Leaf Tea to Accelerate Its Growth in the Premium Tea Category". Business Wire. Peet's. August 1, 2014. Retrieved 23 September 2014.
  14. ↑ "Peet's Coffee & Tea Buys Intelligentsia Coffee".
  15. ↑ "JAB completes acquisition of Keurig Green Mountain". Vermont Business Magazine. March 3, 2016.
  16. ↑ "JAB Holding Company-Led Investor Group Completes Acquisition of Keurig Green Mountain, Inc.". Business Wire. March 3, 2016.
  17. ↑ "Krispy Kreme to be Acquired by JAB Beech for $21 Per Share in Cash". Business Wire. Krispy Kreme. May 9, 2016. Retrieved 9 May 2016.
  18. ↑ "Matthias Reimann-Andersen". Forbes. Retrieved 30 January 2015.
This article is issued from Wikipedia - version of the 11/8/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.