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JAB Holding Company

FB Roundup: Grupo Bal, JAB Holding, Crown Resorts

May 17, 2021

Mexican billionaire Alberto Bailleres transfers empire to son, Peter Harf succeeded by young deal-maker at Reimann family’s JAB Holding, James Packer’s Crown Resorts leans towards Star merger and away from Blackstone takeover.

Mexican billionaire Alberto Bailleres transfers empire to son

Alberto Bailleres, the fourth wealthiest person in Mexico, has made way for his son as the principal of his business conglomerate Grupo Bal after more than five decades.

Businessman Bailleres (pictured), 89, stepped down as president from the group and its diversified companies with immediate effect during a board meeting in late April. He and his family are worth $9.6 billion, according to Forbes.

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 Roundup: JAB Holding, Jaguar Land Rover, and LVMH

May 22, 2019

JAB-owned Pret A Manger buys rival Eat, Jaguar Land Rover reports record $4.6 billion loss, and LVMH buys rosé producer Chateau du Goloupet.

JAB-owned Pret A Manger buys rival Eat

UK sandwich chain Pret A Manger has agreed to buy its rival Eat for an undisclosed fee to take advantage of the appetite for vegetarian and vegan foods.

Pret, owned by JAB Holding, said it plans to convert as many of the 94 Eat shops as possible to its new Veggie Pret concept in response to a demand for more vegan and vegetarian options on the high street.

FB Roundup: AB InBev, Bezos Expeditions, and Michael Hill

March 7, 2019

AB InBev chairman steps down to focus on JAB roles, Jeff Bezos’ family office invests in vegan start-up, and Michael Hill Jewellery shifts towards family designed pieces.

AB InBev chairman steps down to focus on JAB roles

Olivier Goudet, chairman of family-owned brewery giant Anheuser-Busch InBev (AB InBev) is stepping down amid concerns his role at family-controlled investment group JAB Holding has created a conflict of interest.

On Tuesday, Goudet (pictured) confirmed he would step down from AB InBev to devote more time to his “growing responsibilities as managing partner and chief executive of JAB”.

FB Roundup: Saputo, Warren Buffett, and JAB Holding

February 28, 2019

Saputo to buy UK cheese maker Dairy Crest for $1.3 billion, Warren Buffett admits overpaying for Kraft Heinz, and JAB broadens portfolio with stake in pet hospitals.

Saputo to buy UK cheese maker Dairy Crest for $1.3 billion

Family-owned Canadian dairy giant Saputo is set to enter the British market for the first time after offering to buy cheese and butter maker Dairy Crest in a £975 million ($1.3 billion) deal, just months after acquiring Australia’s biggest dairy producer.

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.