Coffee company JDE Peet’s 2020 sales fall, sees 2021 growth
March 10, 2021
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Coffee company JDE Peet’s reported a fall of 4.2% in
From finance.yahoo.com JDE Peet’s (EURONEXT: JDEP), the world’s largest pure-play
Simon will succeed CEO Casey Keller, who had previously led Peet’s Coffee, upon his decision to return to the US after his plans to relocate to Amsterdam with his family were disrupted due to the pandemic.
The company is majority owned by the German family-owned investment group JAB, which also has majority stakes in fast-casual restaurant chain Pret A Manger, donut house Krispy Kreme and soft drink giant Keurig Dr Pepper.
Coffee company JDE Peet’s will announce as early as Tuesday its intention to float on the Euronext stock exchange in Amsterdam in a deal that could raise up to 2 billion euros ($2.2 billion), two sources close to the matter said.
The newly-formed JDE Peet’s is getting a new CFO. Scott Gray takes over Feb. 24 to help lead the coffee company resulting from the merger of European bean biggie Jacobs Douwe Egberts (JDE) and Peet’s, founded in Berkeley, California in 1966.
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