Website jabholco.com | ||
Key people Peter Harf, Bart Becht, Olivier Goudet, Matthias Reimann-Andersen, Renate Reimann-Haas, Stefan Reimann-Andersen, Wolfgang Reimann Parent organization JAB Holding Company s.à r.l. | ||
JAB Holding Company (“JAB” or Joh. A. Benckiser) is a privately held business group headquartered in Luxembourg focused on investments in companies with premium brands in the Consumer Goods category.
Contents
Overview
JAB’s portfolio includes a minority stake in the consumer products company Reckitt Benckiser, 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. JAB also owns Bally, Belstaff, Zagliani, Espresso House and Baresso Coffee A/S.
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. In October 2015, Peet's Coffee & Tea also acquired a majority stake in Chicago-based Intelligentsia Coffee & Tea. 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. In May 2016, JAB-controlled JAB Beech reached an agreement to acquire US doughnut shop operator, Krispy Kreme, for $1.35 billion.
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.