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...Groups including Coca-Cola, PepsiCo, Nestlé, Keurig Dr Pepper and Danone are all targeting at least 25 per cent or more post-consumer recycled content in their packaging by 2025, a target mandated for bottles...
...Aside from Coty, JAB’s portfolio includes Pret A Manger and Panera Bread as well as controlling stakes in publicly traded Keurig Dr Pepper and JDE Peet’s....
...Although Coty is one of its oldest investments, it has been the weak spot in its roughly $34bn portfolio, which includes beverage group Keurig Dr Pepper, coffee specialist JDE Peets, and eateries Panera...
...Companies including Mars, Mondelez and Keurig Dr Pepper all reported that, in 2019, less than 1 per cent of their plastic packaging was made from materials recycled from consumer use, despite agreeing to...
...The US-based food group has made a push into healthy snacks a priority as it plans to redeploy billions of dollars’ worth of investments in coffee companies JDE Peet’s and Keurig Dr Pepper....
...Although Coty is one of the smaller investments in JAB’s portfolio — the vehicle has far larger ones in Keurig Dr Pepper and JDE Peet’s coffee company — it has proved one of the most troublesome....
...JAB’s portfolio spans public stakes in companies such as Keurig Dr Pepper, the coffee and soft drinks group, and Coty, the cosmetics group that has been struggling operationally and under a heavy debt burden...
...The mooted sale is the latest effort by Coty’s backer JAB to fix the business, which has been among the weakest in a portfolio that also includes Keurig Dr Pepper and Pret A Manger....
...JAB’s more than $50bn deal spree since 2012 has centred on coffee and beverages, with it buying coffee machine and pod maker Keurig Green Mountain and later merging it with Dr Pepper Snapple....
...The deal shows how JAB, which also owns Keurig Dr Pepper and Pret A Manger, is doubling down to support Coty, one of its oldest investments after a particularly difficult stretch....
...Its biggest push has been in coffee, with brands such as Keurig, Jacobs and Douwe Egberts. That has left it breathing down the neck of Nestlé, the world’s biggest hot drinks company....
...The deal shows how JAB, which also owns Keurig Dr. Pepper and Pret A Manger, is acting decisively to support one of its oldest investments after a particularly difficult stretch....
...JAB now owns or backs a number of companies, including Keurig Dr Pepper, Pret A Manger and cosmetics maker Coty....
...JAB owns companies in coffee, beverages and casual dining including Keurig Dr Pepper, Pret A Manger and Panera Bread....
...The list includes Pret A Manger, Panera Bread, Jacobs Douwe Egberts, Krispy Kreme, Einstein Bros, Caribou Coffee, Keurig Green Mountain, Dr Pepper Snapple and Espresso House....
...Mr Dokmecioglu joined Keurig as its finance chief in 2016....
...A main shareholder in Keurig at the time, Coca-Cola agreed to sell its entire stake....
...It is mostly served hot and fresh, which means finding a barista to brew it or doing so yourself, perhaps in a Nespresso or Keurig machine....
...JAB, which also owns Panera Bread, Peet’s Coffee and Keurig Dr Pepper, has been building its coffee and snacking empire....
...Keurig Dr Pepper may not match the scale of giants like Coca-Cola. But it has Nestlé, the biggest coffee group in the world, in its sights....
...Its biggest bets are now on the coffee market, where it recently combined Keurig Green Mountain with Dr Pepper Snapple, and in casual dining with Panera Bread Company and Pret A Manger....
...Keurig reckons these to be worth $600m annually. That figure helps explains the jump in the shares. Keurig is paying $103.75 per share in cash....
...Mondelēz International, JAB’s partner in Keurig, will hold an approximately 13-14 per cent stake....
...JAB will pay $18.7bn cash for Dr Pepper Snapple, which owns 7Up and Sunkist, and merge it with Keurig in a reverse takeover that will return Keurig to the stock market with a 13 per cent free float....
...But Mr Becht now believes that Keurig’s acquisition of Dr Pepper Snapple will result in “a challenger in the beverage industry” — by combining Keurig’s hot coffee drinks with Dr Pepper Snapple’s range of...
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