Keurig Dr Pepper Approaches $18 Billion Acquisition of JDE Peet’s

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Source: Bloomberg.com
Keurig Dr Pepper Approaches $18 Billion Acquisition of JDE Peet’s
Photo: Bloomberg.com
TL;DR

Keurig Dr Pepper is nearing an $18 billion deal to acquire European coffee company JDE Peet’s, aiming to strengthen its coffee segment amid flat US coffee sales and strategic overhaul by JDE Peet’s to boost profits. The deal, potentially announced soon, would later see the separation of beverage and coffee operations, reversing a 2018 merger, with both companies focusing on growth and profit targets.

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