18 Jul '18, 4pm

JAB and Nestlé Are Looking To Acquire Illy https://t.co/9zm2ZMYZJR

JAB and Nestlé Are Looking To Acquire Illy https://t.co/9zm2ZMYZJR

Can someone please tell the JAB Holding Company that the coffee industry isn’t just a big game of Katamari Damacy, because they seem dead set on rolling through every coffee company until they’ve created some sort of Frankenstein’s monster coffee star. The Luxembourg-based investment firm has already swallowed up big time coffee brands like Peet’s , Stumptown , Intelligentsia , Caribou , Keurig , and Pret A Manger , and now they have turned a lustful gaze at one of the largest independent coffee companies left: Illy . But there’s another player, a cousin of Prince JAB to keep the Katametaphor going, with interest in the 85-year-old coffee company, none other than Nestlé . According to Bloomberg , the Swiss company is looking to add to their coffee portfolio that includes homegrown brands Nescafé and Nespresso as well as acquired entities like Blue Bottle and the rights to ...

Full article: https://sprudge.com/jab-and-nestle-are-looking-to-acquire...

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