Krispy Kreme merges with growing breakfast empire for $1.35 billion
- 8 years ago
Just a few days after they announced a new Nutella-filled donut for its U.K. customers, Krispy Kreme said Monday that is had agreed to be acquired by a private investment company in a deal valued at about $1.35 billion, a move that would bring the sweet-treat chain into a growing breakfast empire.
The buyer, JAB Beech, is a subsidiary of a company called JAB that recently acquired Keurig Green Mountain for about $14 billion.
JAB also owns controlling stakes in chains Peets Coffee & Tea, Caribou Coffee, as well as Einstein Noah Restaurant Group, the company behind Einstein Bros.
Bagels.
The buyer, JAB Beech, is a subsidiary of a company called JAB that recently acquired Keurig Green Mountain for about $14 billion.
JAB also owns controlling stakes in chains Peets Coffee & Tea, Caribou Coffee, as well as Einstein Noah Restaurant Group, the company behind Einstein Bros.
Bagels.