Corporate retailer JAB Holdings has successfully concluded its purchase of Krispy Kreme Doughnuts, a deal first mooted in May.
As a result, share-trading on the NYSE has ceased as the ‘sweet treat’ maker becomes part of a global retail portfolio of retailers as diverse as Coty and Jimmy Choo.
Privately-owned JAB Holdings’ portfolio includes controlling stakes in Bally, Belstaff, Peet’s Coffee & Tea, Espresso House in Scandinavia, Jacobs Douwe Egberts (JDE), the largest pure-play FMCG coffee company in the world, and a minority stake in Reckitt Benckiser.
Under the terms of the latest transaction, Krispy Kreme shareholders will receive US$21 per share in cash.
Krispy Kreme, founded in 1937, today boasts more than 1100 shops in more than 26 countries around the world.