Thank you, next: JAB moves on from coffee to insurance - Coffee Intelligence

Sarah Charles September 27, 2024JAB Holding, a coffee giant, is shifting focus to insuranceF&B’s appeal is fading – JAB sold 100 million Keurig Dr Pepper shares in March at 25% below their 2022 peakJAB’s pivot could reshape the industries it’s exiting, especially coffeeJAB Holding Company, the private investment firm known for its vast consumer goods portfolio, recently announced a pivot towards building a global insurance platform.Long synonymous with the coffee and food industry, JAB’s portfolio includes a who’s who of beverage and food brands: JDE Peet’s, Keurig Dr. Pepper, Pret A Manger, Espresso House, Krispy Kreme, Intelligentsia Coffee, Coty, and Panera Brands.Led by its CEO Olivier Goudet, a former Mars executive, the company has executed a $50 billion spending spree that has transformed it into a major player in the consumer goods sector, particularly in the food and beverage (F&B) (and coffee) space.However, JAB is now making a sharp turn, with its leadership signalling a fut...