JAB
JAB Holding is majority-owned by the Reimann family, which is known for its strategy of long-term investment in leading consumer goods and services companies with strong brands (mass consumer products, food and beverages, cosmetics, and petcare products and services).
The group has become the world’s second-largest player in the coffee market (with JDE Peet’s) and the third-largest non-alcoholic beverage group in the United States (Keurig Dr Pepper). It has also created a network of restaurants and cafés with more than 5,000 points of sale in the United States and Europe, around emblematic brands (Panera, Pret A Manger, Caribou Coffee etc.). JAB also operates in the petcare market via the National Veterinary Associates (NVA) platform of veterinary clinics.
The group has also expanded into adjacent services, with the creation of a pet insurance platform and a diagnostics platform.
- Investment date
- 2017
In 2024
JDE Peet’s reported organic sales growth of 5% for the year, driven mainly by price increases to partially offset the impact of inflation, which remains a major challenge for the industry as a whole. During the year, JAB distributed the securities held by the platform to its investors.
Regarding the restaurant platform, the sector as a whole experienced a slowdown, with consumers favouring value for money in light of persistent inflationary trends. In this context, Panera announced a simplification of its menu to align with its customers’ preferences. These changes should allow the company’s growth to accelerate.
During the year, the NVA veterinary clinic platform finalised the disposal of VetPartners to refocus its activities on North America only. The group now has around 1,150 general clinics and 145 specialised clinics and still benefits from the promising trends in the industry.
Finally, the pet insurance platform continues to strengthen its market position and insures around five million pets. The company’s ecosystem brings together the Assur O’Poil, Animal Friends, Pumpkin and Embrace brands.
Peugeot Invest's investment
Peugeot Invest has been working alongside JAB Holding over the years since 2017 to support its consolidation strategy in the consumer goods sector, particularly in the coffee, restaurant, veterinary clinic and pet insurance categories. As of 31 December 2024, veterinary clinics and pet insurance represented the main residual exposure of Peugeot Invest.
Key figures
- Revenue of subsidiaries related to Peugeot Invest
- $ 23 bn
- Total committed amount
- $ 566 m