{{short description|Luxembourg-based investment firm}} {{Infobox company | name = JAB Holding Company S.à r.l. | logo = JAB Holding Company Logo.svg | type = Private | industry = Conglomerate | founded = {{start date and age|1828}} | founders = {{Ubl|Ludwig Reimann|Johann Benckiser}} | hq_location_city = Luxembourg City | hq_location_country = Luxembourg | key_people = {{ubl|Peter Harf (chairman)|Olivier Goudet (CEO)}} | num_employees = 29 | num_employees_year = 2019 | parent = Agnaten SE | subsid = {{ubl |Coty |JDE Peet's, Stumptown Coffee |Espresso House |Keurig Dr Pepper (27%) |Krispy Kreme |Panera Brands ** Panera Bread ** Einstein Bros. Bagels ** Caribou Coffee |Bruegger's |Pret A Manger |Compassion-First Pet Hospitals |National Veterinary Associates |Independence Pet Holdings }} | website = {{URL|jabholco.com}} | footnotes = {{r|voaum}}<ref name="2016 Consolidated Accounts JABHOLCO" /><ref>{{cite news |date=February 16, 2019 |title=Deal-hungry JAB hunts for new partner to steer Reimann fortune |url=https://www.ft.com/content/4e73c59e-3131-11e9-ba00-0251022932c8 |work=Financial Times}}</ref><ref>{{cite report |url=https://www.jabholco.com/content/2-accounts/1-jab-holding-company-s-a-r-l-consolidated-accounts/jab-sarl-consolidated-financials-dec-2016.pdf |title=Consolidated Financial Statements for the financial year ended 31 December 2016 |date=31 December 2016 |publisher=JAB Holding Company S.à r.l., Luxembourg |pages=1–58 |access-date=21 December 2017}}</ref> }}
'''JAB Holding Company S.à r.l.'''{{r|bAXD4}} ('''JAB''' or '''Joh. A. Benckiser''') is a German conglomerate, headquartered in Luxembourg, that includes investments in companies operating in the areas of consumer goods, coffee, luxury fashion, animal health, and fast food, among others.<ref name="2016 Consolidated Accounts JABHOLCO"> {{cite report |url=https://www.jabholco.com/content/2-accounts/1-jab-holding-company-s-a-r-l-consolidated-accounts/jab-sarl-consolidated-financials-dec-2016.pdf |title=Consolidated Financial Statements for the financial year ended 31 December 2016 |date=31 December 2016 |publisher=JAB Holding Company S.à r.l., Luxembourg |pages=1–58 |access-date=21 December 2017}} </ref>{{r|eVubw}}{{r|VMlB0}}
== Overview == As of 2015, JAB's portfolio included a minority stake in the consumer products company Reckitt Benckiser,{{r|rVre5}} and majority stakes in Coty, Peet's Coffee & Tea, Caribou Coffee Company, Jacobs Douwe Egberts (JDE), Einstein Noah Restaurant Group, and Jimmy Choo.{{r|XPAT3}}{{r|qpBOR}}<ref>{{cite web |url= https://www.chicagotribune.com/2014/09/29/einstein-bagels-parent-to-be-acquired-by-majority-owner-of-peets-caribou-coffee/ |title= Einstein bagels parent to be acquired by majority owner of Peet's, Caribou Coffee |author= <!--Staff writer(s); no by-line.--> |publisher= Chicago Tribune|access-date=November 10, 2025}}</ref>{{r|u0Ky1}}<ref name="ChaudhuriWSJ">{{cite journal |last=Chaudhuri |first=Saabira |date=24 April 2017 |title=Jimmy Choo Up for Sale as JAB Holding Steps Back From Luxury |url=https://www.wsj.com/articles/jimmy-choo-up-for-sale-as-jab-holding-steps-back-from-luxury-1493029952 |journal=Wall Street Journal |access-date=16 June 2019 |quote=Jimmy Choo floated its shares in London in October 2014 in an initial public offering that represented a partial divestment by JAB, which bought the brand in 2011. JAB is still the controlling shareholder in Jimmy Choo, with a roughly 68% stake.}}</ref> As of that date, JAB also owned Bally, Belstaff, Zagliani, Espresso House, and Baresso Coffee.{{r|R7QqM}}{{r|vlhkN}}{{r|G8qxm}}
In May 2014, D.E Master Blenders 1753 announced to acquire a majority stake in Mondelez's coffee business (outside of France) to form Jacobs Douwe Egberts, it would combine brands Jacobs, Carte Noire, Gevalia, Kenco, Tassimo and Millicano from Mondelez International and Douwe Egberts, L'OR, Pilao and Senseo from D.E Master Blenders.<ref>{{cite news |title=GLOBAL NEWS – Mondelez International & D.E Master Blenders 1753 to form world's leading pure-play coffee company |url=https://www.comunicaffe.com/global-news-mondelez-international-d-e-master-blenders-1753-form-worlds-leading-pure-play-coffee-company-partnership-will-combine-jacobs-tassimo-douwe-egberts-senseo-p/ |access-date=29 May 2020 |work=Comunicaffe International |date=8 May 2014}}</ref>
In August 2014, under the Peet's Coffee & Tea brand, JAB acquired Mighty Leaf Tea, a specialty tea retailer based in the San Francisco Bay Area.{{r|oL545}} In October 2015, Peet's Coffee & Tea acquired Portland, Oregon's Stumptown Coffee in a deal whose terms were not disclosed,<ref name="StromNYT">{{Cite journal |last=Strom |first=Stephanie |date=6 October 2015 |title=Peet's Buys Stumptown Coffee Roasters |url=https://www.nytimes.com/2015/10/07/business/dealbook/peets-buys-stumptown-coffee-roasters.html |journal=The New York Times |access-date=16 June 2019}}</ref> and in the same month acquired a majority stake in Chicago-based Intelligentsia Coffee & Tea.{{r|hbsyl}}
In March 2016, JAB and other investors acquired Keurig Green Mountain for $13.9 billion.{{r|EInaU}}{{r|1gd2o}} In May 2016, JAB-controlled JAB Beech reached an agreement to acquire US doughnut shop operator Krispy Kreme for $1.35 billion.{{r|tLoCh}} In April 2017, JAB reached an agreement to buy U.S.-based Panera Bread, a fast casual bakery-café chain, for $7.5 billion.{{r|DEPKP}} Also in April, JAB was reported to be stepping back from investment in luxury goods, with reported plans to sell its stakes in the designer shoe and clothing brands Jimmy Choo, Bally, and Belstaff.<ref name=ChaudhuriWSJ/> In August 2017, JAB announced the acquisition of Bruegger's Bagels.{{r|sKblW}}
On 29 January 2018, Keurig Green Mountain announced it was acquiring Dr Pepper Snapple Group, with JAB owning 87% of the combined companies.<ref>{{cite web|url=https://www.cnbc.com/2018/01/29/dr-pepper-snapple-and-keurig-green-mountain-to-merge.html|first= Lauren |last=Hirsch|title=K-Cup maker Keurig bets big on beverages, buying Dr Pepper Snapple|date=29 January 2018|publisher=CNBC|access-date=17 March 2018}}</ref> As of February 2018, JAB retained ownership of a minority stake in Bally after sale of its majority stake to the Chinese conglomerate Shandong Ruyi.<ref>{{Cite web |last1=Wu |first1=Kane |last2=Aloisi |first2=Silvia |last3=Barbaglia |first3=Pamela |date=March 6, 2020 |title=China's Ruyi yet to secure Bally deal financing as coronavirus weighs - sources |url=https://www.reuters.com/article/shandong-ruyi-bally-ma-idUSL4N2AZ3N8 |work=Reuters}}</ref> JAB's beverage empire was described in 2018 as having been built on "buy now, pay later" (extended terms of trade) principles; some coffee roasters owned by JAB are reported to require up to 300 days of financing from their suppliers.<ref>{{Cite news |last1=Almeida |first1=Isis |last2=Perez |first2=Marvin G. |date=January 29, 2018 |title=Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire |url=https://www.bloomberg.com/news/articles/2018-01-30/buy-now-pay-later-helps-jab-billionaires-build-beverage-empire |archive-url=https://web.archive.org/web/20250511010034/https://www.bloomberg.com/news/articles/2018-01-30/buy-now-pay-later-helps-jab-billionaires-build-beverage-empire |archive-date=2025-05-11 |access-date=2025-06-06 |work=Bloomberg |language=en |url-status=live }}</ref>
In February 2019 the company spent $1.2 billion to acquire Compassion-First Pet Hospitals then purchased National Veterinary Associates four months later. The combined revenue of Compassion-First and National Veterinary Associates is expected to be $3 billion in 2020, placing it among the three largest players in the industry barely 12 months after the firm's first takeover.<ref>{{Cite web |last=Buckley |first=Thomas |date=2020-06-04 |title=Builders of a $20 Billion Coffee Empire Have Their Eyes on Pets |url=https://www.ndtvprofit.com/businessweek/coffee-empire-jab-eyes-compassion-first-pet-hospitals |access-date=2025-06-06 |website=NDTV Profit |language=en}}</ref>
In August 2024, JAB sold Swiss leather goods brand Bally to California-based private equity firm Regent, which owns and operates fashion brands such as Escada and Club Monaco, for an undisclosed sum.<ref>{{Cite web |last=Zargani |first=Luisa |date=2024-08-15 |title=EXCLUSIVE: JAB Sells Bally to Regent Affiliate |url=https://wwd.com/fashion-news/designer-luxury/exclusive-jab-bally-regent-affiliate-club-monaco-escada-1236544408/ |access-date=2025-01-23 |website=WWD |language=en-US}}</ref>
== Ownership == Owned by Germany's Reimann family,{{r|MGd0T}} 90% of JAB belongs to four of the nine adopted children of the late Albert Reimann Jr. (1898–1984).<ref>{{Cite news |last=Kapalschinski |first=Christoph |date=January 1, 2018 |title=Reimann-Holding-Chairman Bart Becht: "Kaffee bietet eine einmalige Chance" |url=https://www.handelsblatt.com/my/unternehmen/handel-konsumgueter/reimann-holding-chairman-bart-becht-kaffee-bietet-eine-einmalige-chance/20799084.html?ticket=ST-20827-gkKeahTtE5NoIfvCmd4Q-ap4 |access-date=2018-03-13 |work=Handelsblatt |language=de}}</ref> 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.<ref>{{cite web|url=https://www.ft.com/content/242db7ea-d1a8-11e5-831d-09f7778e7377|title=Germany's intensely private and immensely wealthy Reimann family|date=11 March 2016|publisher=Financial Times|access-date=17 March 2018|first=James|last=Shotter}}</ref>
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.{{r|KRloc}}
The primary shareholder of JAB, as listed in its 2016 Consolidated Financial Statements, is Austrian-domiciled company Agnaten SE.<ref name="2016 Consolidated Accounts JABHOLCO" /> Agnaten is listed, by PrivCo, as a subsidiary of Joh. A. Benckiser GmbH,<ref name="Agnaten Holding SE PrivCo">{{cite web|title=Agnaten Holding SE|url=https://www.privco.com/company/agnaten-se_private_stock_annual_report_financials|website=privco.com|publisher=PrivCo|access-date=21 December 2017}}{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> the investment vehicle of the Reimann family.<ref name="Joh. A. Benckiser GmbH PrivCo">{{cite web|title=Joh. A. Benckiser GmbH|url=https://www.privco.com/company/joh-a-benckiser-gmbh|website=privco.com|publisher=PrivCo|access-date=21 December 2017}}{{Dead link|date=January 2020 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
== Founder's support of Hitler and Nazism ==
In March 2019, a German newspaper revealed that Albert Reimann Sr., and his son Albert Reimann Jr., were enthusiastic supporters of Adolf Hitler and the Nazi party well before they took power, and profited from forced labor, both in their industrial chemicals company in southern Germany and in their own home.<ref>{{Cite news|last=Bennhold|first=Katrin|date=2019-03-25|title=Germany's Second-Richest Family Discovers a Dark Nazi Past|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/03/25/world/europe/nazi-laborers-jab-holding.html|access-date=2021-06-26|issn=0362-4331}}</ref><ref>{{Cite web |date=2019-03-26 |title=33 Milliarden Euro reich: Die Nazi-Vergangenheit der Calgon-Familie |url=https://www.bild.de/bild-plus/politik/inland/politik-inland/33-milliarden-euro-reich-die-nazi-vergangenheit-der-calgon-familie-60835802.bild.html |access-date=2021-06-26 |website=bild.de |language=de}}</ref><ref>{{Cite web |last=Rising |first=David |date=26 March 2019 |title=Family Who Owns Krispy Kreme, Battle Bus, Panera, Peet's Coffee Acknowledges Nazi Past |url=https://www.nbcbayarea.com/news/national-international/family-that-owns-krispy-kreme-panera-peets-coffee-acknowledges-nazi-past/159805/ |access-date=2021-06-26 |website=NBC Bay Area |language=en-US}}</ref> The revelations sparked ethical questions about consumer support for companies that owe their success in part to the historical use of forced labor.<ref>{{Cite web|last=First|first=Devra|date=June 14, 2019|title=I found out Nazi money is behind my favorite coffee. Should I keep drinking it? - The Boston Globe|url=https://www.bostonglobe.com/lifestyle/food-dining/2019/06/04/peet-coffee-wake-call/XrJtIiY5MPYCycCGxglaSK/story.html|access-date=2021-06-26|website=BostonGlobe.com|language=en-US}}</ref><ref>{{Cite news|last=Appelbaum|first=Binyamin|date=2019-03-28|title=Opinion {{!}} Bagels and War Crimes|language=en-US|work=The New York Times|url=https://www.nytimes.com/2019/03/27/opinion/bagels-war-crimes-nazi-reimann.html|access-date=2021-06-26|issn=0362-4331}}</ref>
Two months later, several of the Reimanns revealed to ''The New York Times'' that their mother, Emilie Landecker, Albert Jr.'s mistress, baptized as a Catholic like her mother, was the daughter of Alfred Landecker, a Jewish man deported to the Izbica Ghetto in 1942. His ultimate fate is unknown although many Jews sent to Izbica were held there pending transport to the Belzec and Sobibor extermination camps. They have renamed the family foundation after him and doubled its budget to €25 million (US$28.2 million), to fund projects that honour the victims of the Holocaust and Nazism.<ref name="NYT June 2019 article">{{cite news|last=Bennhold|first=Katrin|title=Nazis Killed Her Father. Then She Fell in Love With One.|url=https://www.nytimes.com/2019/06/14/business/reimann-jab-nazi-keurig-krispy-kreme.html|newspaper=The New York Times|date=June 14, 2019|access-date=June 16, 2019}}</ref>
== See also ==
* List of companies involved in the Holocaust
== References == {{Reflist|1=2|refs= <ref name="voaum">{{cite news | url = http://www.ft.com/intl/cms/s/0/bf30f88c-fb92-11e1-87ae-00144feabdc0.html#axzz3JSCGTF5v | title = Coty postpones $700m IPO amid slowdown | first = Arash |last=Massoudi | newspaper = Financial Times | date = September 11, 2012 }}</ref> <ref name="bAXD4">{{cite news | url = https://dealbook.nytimes.com/2014/09/29/joh-a-benckiser-to-buy-bagel-maker-einstein-noah-for-374-million/ | title = Bagel Maker Einstein Noah Sold to German Firm for $374 Million | first= William |last=Alden | newspaper = The New York Times | date = September 29, 2014 }}</ref> <ref name="VMlB0">{{Cite news |url = http://www.thedeal.com/content/consumer-retail/jimmy-choo-bravely-steps-onto-london-market-after-ipo.php |title = Jimmy Choo bravely steps onto London market after IPO |first = Jonathan |last=Braude |publisher = The Deal |date = October 17, 2014 |access-date = December 19, 2014 |archive-url = https://web.archive.org/web/20141219174014/http://www.thedeal.com/content/consumer-retail/jimmy-choo-bravely-steps-onto-london-market-after-ipo.php |archive-date = December 19, 2014 |url-status = dead }}</ref> <ref name="eVubw">{{cite news | url = https://online.wsj.com/articles/einstein-noah-agrees-to-374-million-buyout-1411997479 | title = Einstein Noah Agrees to $374 Million Buyout | first = Chelsey |last=Dulaney | newspaper = The Wall Street Journal | date = September 29, 2014 }}</ref> <ref name="rVre5">{{cite news | url = https://www.wsj.com/articles/SB10000872396390443570904577544783378494526 | title = Peet's Coffee to Be Taken Private for $1 Billion | last = Solsman | first = Joan E. | newspaper = The Wall Street Journal | date = July 23, 2012 }}</ref> <ref name="XPAT3">{{cite news | work = Reuters | url = https://www.reuters.com/article/us-mondelez-m-a-eu-idUSKBN0NQ1L420150505 | title = Mondelez, D.E Master Blenders coffee venture gets EU nod | first1 = Alastair | last1 = Macdonald | first2 = Martinne | last2 = Geller | first3 = Francesca | last3 = Landini | date = 5 May 2015 }}</ref> <ref name="qpBOR">{{cite news | url = http://www.latimes.com/business/la-fi-einstein-sale-20140929-story.html | title = JAB Holdings to buy bagel seller Einstein Bros.' parent for $374 million | last = Podmolik |first=Mary Ellen | newspaper = Los Angeles Times | date = September 29, 2014 }}</ref> <ref name="u0Ky1">{{cite news | url = https://www.theguardian.com/business/2014/oct/17/jimmy-choo-shares-edge-higher-stock-market-debut | title = Jimmy Choo shares edge higher on stock market debut | first1 = Julia |last1=Kollewe|first2= Jill |last2=Treanor | newspaper = The Guardian | date = October 17, 2014 }}</ref> <ref name="R7QqM">{{cite news | url = https://www.wsj.com/articles/jimmy-choo-prices-ipo-at-bottom-of-price-range-1413527496 | title = Jimmy Choo Lists in London, With Shares at Bottom of Range | first = Jana |last=Simmons | newspaper = The Wall Street Journal | date 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Investor Group Completes Acquisition of Keurig Green Mountain, Inc.|work=Business Wire|date=March 3, 2016}}</ref> <ref name="tLoCh">{{cite web | url = http://www.businesswire.com/news/home/20160509005812/en/Krispy-Kreme-Acquired-JAB-Beech-21-Share | title = Krispy Kreme to be Acquired by JAB Beech for $21 Per Share in Cash | work = Business Wire | date = May 9, 2016 | publisher = Krispy Kreme | access-date = 9 May 2016 }}</ref> <ref name="DEPKP">{{cite news | title = Krispy Kreme owner pays $7.5bn for Panera Bread chain | url = https://www.bbc.co.uk/news/business-39507549 | access-date = 5 April 2017 | work = BBC News | date = 5 April 2017 }}</ref> <ref name="sKblW">{{cite news|first=Dan |last=DeBaun|url=https://www.bizjournals.com/twincities/news/2017/08/24/caribou-coffee-buys-brueggers-bagels.html |title=Caribou Coffee buys Bruegger's Bagels|work=Minneapolis / St. Paul Business Journal|date=August 24, 2017}}</ref> <ref name="MGd0T">{{Cite news | url = https://www.ft.com/content/36998210-1987-11e7-9c35-0dd2cb31823a | title = Reimann family's JAB agrees Panera Bread takeover | website = Financial Times | date = 5 April 2017 | language = en-GB|access-date=2017-04-05 | last1 = Fontanella-Khan | first1 = James | last2 = Whipp | first2 = Lindsay | last3 = Massoudi | first3 = Arash }}</ref> <ref name="KRloc">{{cite web | title = Matthias Reimann-Andersen | url = https://www.forbes.com/profile/matthias-reimann-andersen/ | website = Forbes | access-date = 30 January 2015 }}</ref> }}
Category:Companies based in Rhineland-Palatinate Category:Companies involved in the Holocaust Category:Holding companies of Luxembourg Category:Privately held companies of Luxembourg Category:Companies established in 1828