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Stock impact report

Germany's JAB to list coffee and restaurant empire: report [Reuters]

Keurig Dr Pepper Inc. (KDP) 
Last keurig dr pepper inc. earnings: 4/27 04:10 pm Check Earnings Report
Company Research Source: Reuters
Germany's JAB to list coffee and restaurant empire: report | Reuters 2 Min Read BERLIN/LONDON (Reuters) - JAB Holding Co, the private investment company of the German Reimann family, is planning two initial public offerings of its coffee and restaurant businesses, Germany’s Lebensmittel Zeitung reported on Thursday. “We want to bring both companies to the stock exchange separately in the next two to three years,” JAB chairman Peter Harf told the trade journal in an interview. A JAB spokesman was not immediately available to comment. The newspaper said the IPOs would generate billions for the Reimanns, who have built the world’s largest stand-alone coffee business over the past five years, seeking to take on market leader Nestle, by taking over packaged brands like Jacobs, Douwe Egberts and Keurig as well as chains like Peet’s Coffee. Last year its deals included buying a majority stake in British chain Pret a Manger for $2 billion, and the combination, worth more than $21 billion, of Show less Read more
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