JAB Holding Company ("JAB" or Joh. A. Benckiser) is a privately held German conglomerate, headquartered in Luxembourg, that includes investments of companies operating in the arenas of consumer goods, forestry, coffee, luxury fashion, and fast food, among others.
Video JAB Holding Company
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) and a majority stake in Einstein Noah Restaurant Group. JAB also owns Bally, Belstaff, Zagliani, Espresso House and Baresso Coffee A/S. JAB has given up on the plan to establish a holding of luxury goods makers, selling off its flagship fashion brands, Jimmy Choo (now Michael Kors) and Belstaff (now Ineos). JAB owns a minority stake in Bally after selling it to Chinese Shandong Ruyi.
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. On 5 April 2017, JAB reached an agreement to buy U.S.-based Panera Bread, a fast casual bakery-café chain, for $7.5 billion. On 24 August 2017, JAB announced the acquisition of Bruegger's Bagels.
On 29 January 2018 Keurig Green Mountain announced it was acquiring Dr Pepper Snapple Group, with JAB owning 87% of the combined companies.
Maps JAB Holding Company
Ownership
Owned by Germany's Reimann family, 90% of JAB Holding belongs to four of the late Albert Reimann Jr.'s nine adopted children. They trace their wealth to chemist Ludwig Reimann, who, in 1828, joined with Johann Adam Benckiser (founder of the namesake chemical company). Reimann married one of Benckiser's daughters and ended up owning the business. Great-grandson Albert Reimann Jr. took over after his father died in 1952, and added consumer goods.
Initially each of the nine children had inherited 11.1% ownership in JAB upon Albert's 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.
The primary shareholder of JAB, as listed in its 2016 Consolidated Financial Statements, is Austrian-domiciled company Agnaten Holding SE. Agnaten is listed, by PrivCo, as a subsidiary of Joh. A. Beckinser GmbH, the investment vehicle of the Reimann family.
References
Source of the article : Wikipedia
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