Krispy Kreme snapped up by retail giant
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Corporate retailer JAB Holdings has successfully concluded its purchase of Krispy Kreme Doughnuts, a deal first mooted in May.
As a result, share-trading on the NYSE has ceased as the ‘sweet treat’ maker becomes part of a global retail portfolio of retailers as diverse as Coty and Jimmy Choo.
Privately-owned JAB Holdings’ portfolio includes controlling stakes in Bally, Belstaff, Peet’s Coffee & Tea, Espresso House in Scandinavia, Jacobs Douwe Egberts (JDE), the largest pure-play FMCG coffee company in the world, and a minority stake in Reckitt Benckiser.
Under the terms of the latest transaction, Krispy Kreme shareholders will receive US$21 per share in cash.
Krispy Kreme, founded in 1937, today boasts more than 1100 shops in more than 26 countries around the world.
Questions & Answers
Q.Which company has purchased Krispy Kreme Doughnuts?
Which company has purchased Krispy Kreme Doughnuts?
Corporate retailer JAB Holdings has completed the purchase of Krispy Kreme. The deal sees the doughnut maker join a diverse global retail portfolio that includes various brands in coffee, beauty, and fashion sectors.
Q.What other businesses are part of JAB Holdings' portfolio?
What other businesses are part of JAB Holdings' portfolio?
JAB Holdings' portfolio includes controlling stakes in Bally, Belstaff, Peet’s Coffee & Tea, and Espresso House. They also hold stakes in Jacobs Douwe Egberts and a minority share in Reckitt Benckiser.
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