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FB Roundup: Trumpf, Bertelsmann, JAB Holding

November 13, 2020

Leibinger family’s Trumpf leads global quantum breakthrough, lockdown book lovers help stabilise Bertelsmann revenues, Reimann family’s JAB Holding sells Coty stake as portfolio hits turbulence.

Leibinger family’s Trumpf leads global quantum breakthrough

The Leibinger family behind the German high-tech company Trumpf says its world-first quantum optical sensor will lead to completely new industrial applications from next year.

FB Roundup: Exor, JAB Holding Co and L’Oreal

February 10, 2020

Agnelli family office weighs selling PartnerRe to Covea for $9 billion, Reimann family looks to float $7 billion coffee empire, L’Oreal family actions next gen succession.

Agnelli family office weighs selling PartnerRe to Covea for $9 billion

The family office of Italy’s Agnelli dynasty has confirmed it has entered into exclusive discussions with French insurer Covea about a possible all-cash acquisition of reinsurer PartnerRe.

FB Roundup: JAB Holding, Estee Lauder and Electrolux

December 23, 2019

Reimann family’s JAB Holding blends coffee brands, Lauder family fortunes rise as empire grows, Wallenberg family’s Electrolux makes white goods go green.

Reimann family’s JAB Holding blends coffee brands

JAB Holding, family office of Germany’s billionaire Reimann family, is merging two of its coffee brands with a view to a major listing in 2020 as competition with Nestle heats up.

FB results roundup: JCB, IKEA and illycaffe

October 2, 2019

JCB digs into record sales against softening markets, IKEA assembles 5% increase in sales after transformation, American, Chinese sales help brew 39% profit for illycaffe.

JCB digs into record sales against softening markets

Bamford family-controlled manufacturer JCB says growth has stalled, especially in its biggest market India, despite sales increasing by almost a quarter last year.

‘Shame’ of Reimann family’s Nazi slave past revelations

March 29, 2019

Germany’s second wealthiest family, behind global brands Pret a Manger, Dr Pepper, and Krispy Kreme, say they are “ashamed” by their ancestors’ brutality towards slave labour during Nazi rule.

Germany’s second wealthiest family, behind global brands Pret a Manger, Dr Pepper, and Krispy Kreme, say they are “ashamed” by their ancestors’ brutality towards slave labour during Nazi rule.

Trusted advisers trade places as Bart Brecht retires at JAB Holding Company

January 16, 2019

The trusted adviser who spearheaded a $50 billion spree of acquisitions over the last five years for Germany’s Reimann family will be succeeded by executives who expanded the portfolios of the families behind Mars and Anheuser-Busch InBev.

FB roundup: Heineken, Michael Hill, and JAB Holdings

August 24, 2017

Heineken takeover approved, Michael Hill profits boosted by Canada, and JAB Holdings to cast off Bally

Heineken takeover approved

The UK Competition and Markets Authority (CMA) has approved Heineken’s takeover of 1,900 pubs, saying it is satisfied the deal will not cause customers to “lose out”.

The Netherlands-based brewer proposed in June a £403 million ($516 million) purchase of the pubs, currently owned by Punch Taverns, a deal Punch shareholders approved in February.

The CMA then raised concerns about reduced competition in 33 UK areas.

JAB Holding Co in $1.2 billion sale of Jimmy Choo and $7 billion purchase of Panera

July 27, 2017

JAB Holding Company, the investment vehicle of Germany’s billionaire Reimann family, has stepped away from luxury shoe brand Jimmy Choo and bitten into bakery-café chain Panera.

JAB Holding Company, the investment vehicle of Germany’s billionaire Reimann family, has stepped away from luxury shoe brand Jimmy Choo and bitten into bakery-café chain Panera.

JAB continued its shift from the moribund luxury market to coffee and food with its call in April for buyers interested in acquiring its 68% stake in Jimmy Choo.

FB Roundup: Arnault Family Group, Lotte Group, JAB Holdings

April 27, 2017

Arnault family restructures holdings, sells Hermes stake; Lotte Group to reduce cross-shareholdings by 73% in simplification drive; JAB Holdings luxury arm mulls sale of Jimmy Choo and Bally

Arnault family restructures holdings, sells Hermes stake
France’s Arnault family is to pay €12.1 billion ($13.2 billion) for the minority stake in iconic French fashion house, Christian Dior, it does not yet control and sell its stake in family-controlled rival Hermes.

Arnault Family Group, who controls the world’s largest luxury company LVMH, said the move was part of a two-step simplification of its holding structures in response to market demands.

FB Roundup: JAB Holdings, Volkswagen, and Todd Corporation

July 29, 2016

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme; Volkswagen stock price crashes after Q2 results; and Todd Corporation given nod to sell gold mine stake

JAB Holdings completes $1.3 billion acquisition of Krispy Kreme

JAB Holding, the investment vehicle of the Reimann family, has completed its $1.3 billion acquisition of US-based doughnut and coffee company Krispy Kreme.

In a two-paragraph statement, the two companies confirmed the completion of the sale this week, and added that Krispy Kreme will become a privately held company.