K-Cup maker just sold itself for an impressive $14B

Donate
Reading Time: < 1 minute

JABS1Keurig, perhaps the world’s most popular new coffee maker —   is $14bn richer. According to reports, the coffee maker reportedly agreed to sell itself to private equity firm JAB Holding Co.  The same company reportedly holds a majority stake in legendary shoe line Jimmy Choo.

In the year ending 26 September,  Keurig had a 1% rise in sales of its popular “K-Cups” that serve single cup coffee servings to consumers to more than $3.6billion. Its machines however, aren’t performing so well.  Reports place sales of the machines at a low $632.6m at the end of the previous fiscal year.

More From Author

Trump’s new solution for Muslim refugees is bizarre: Reports

ISIS ‘s latest “Sorcerer” video is here and it is scary

Sponsored

Search Categories

Trending Posts