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 |
JAB Holding Company[2] (“JAB” or Joh. A. Benckiser) is a privately held group[3] 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 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 of 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 inherited 11.1% on his death in 1984, but in the following years, five sold their stakes to the other four, Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen and Wolfgang Reimann, each of whom is now worth $3.8 billion (as of January 2015).[18]
References
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- ↑ "JAB completes acquisition of Keurig Green Mountain". Vermont Business Magazine. March 3, 2016.
- ↑ "JAB Holding Company-Led Investor Group Completes Acquisition of Keurig Green Mountain, Inc.". Business Wire. March 3, 2016.
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