Daily Rounds
Huh, I didn’t know this:
Here’s a question with billions of dollars riding on the answer: What do these American brands have in common? Peet’s, Panera Bread, Krispy Kreme, Dr Pepper and Stumptown.
They are all owned by JAB, a secretive European holding company that 50 years ago was making industrial chemicals for swimming pools. Through multiple deals, the firm has stumped its publicly traded rivals with what seemed like a mildly eccentric and expensive shopping spree.
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JAB today sells coffee in nearly every form and venue. It distributes brands it doesn’t own such as Dunkin’ Donuts and Starbucks for its Keurig coffee maker in single-serve K-cups to brew at home and at work. It sells its own brands of bottled cold coffee and bags of beans, such as Peet’s and Green Mountain. With its own bakeries and coffee shops, it competes directly with America’s biggest coffee chains.
The group’s approach to the coffee business amounts to an expensive bet that the U.S. beverage industry is on the cusp of a reorganization that has been half a century in the making, ending an era in which hot drinks only competed against hot drinks and soft drinks against other soft drinks.
(click here to continue reading The Secretive Company That Pours America’s Coffee – WSJ.)
Betting large on coffee drinks all through the day is an interesting strategy.
Coffee from El Mirador – Cauca, Columbia