Douwe Egberts may disappear from the stock exchange | RetailDetail

Douwe Egberts may disappear from the stock exchange

Douwe Egberts may disappear from the stock exchange

According to the British media, Dutch coffee and tea group Douwe Egberts (officially DE Master Blenders) will be acquired by a German company. Quite possibly, it will disappear altogether from the stock exchange - where it was only introduced last June.

Offer of 7.6 billion euro

JAB or Joh. A. Benckiser wants to make an offer of 12.75 euro per share, totalling of 7.6 billion euro for a complete acquisition. DE Master Blenders confirms the board of directors is researching the offer and that JAB has gotten permission to look at the books, but so far there has been no formal offer.

 

The news of a possible takeover has been well received at the exchange: not only because analysts are saying it is a fair price, but also because a takeover can mean better tidings for DE Master Blenders. Ever since the company was split off from Sara Lee, it has met one problem after another: first there was the financial mess in Brazil, then came the confession of the watered down Senseo and late last year the CEO quit after frictions with the board of directors.

 

JAB likes a cup of coffee (among others)

For the investment company of the German family Reimann, who got rich through Reckitt Benckiser, this would be their third coffee company as they already have premium coffee retailer Caribou Coffee in their portfolio and last year the Germans acquired a majority in the American Peet’s Coffee & Tea.

 

JAB also likes some other things than coffee: they still are the biggest shareholders of Reckitt Benckiser, a British producer of cleaning products (Dettol, Calgon, Finish and Airwick…) and (para)pharmaceutical brands such as Durex, Nurofen and Strepsils. It does not stop there, because JAB also has its say at Labelux, the luxury company above Jimmy Choo. They are definitely no small potatoes.

Questions or comments? Please feel free to contact the editors


Adidas wants to strengthen bond with small retailers

15/07/2018

German sportswear giant Adidas says it wants to strengthen its bond with small-scale retailers after they claimed Adidas is too aggressive in pushing its web shop, especially as they feel the brand is favouring large international chains as well.

Several candidates to take over Men at Work

12/07/2018

There are several takeover candidates for both the Dutch and the Belgian stores of the bankrupt clothing chain Men at work. The curator is confident an agreement should be reached today in Belgium.

Burberry sales increases thanks to new strategy

11/07/2018

The new strategy of the British fashion brand Burberry starts to render: the company had a 3% increase of revenue in their own stores last quarter. In total, Burberry has now a revenue of 479 million pounds (520 million euros).

FNG moves to Brussels stock exchange

06/07/2018

Belgian fashion group FNG has collected 60 million euros by issuing new shares. The new shares will be traded on the Amsterdam Stock Exchange and - for the first time - on the Brussels Stock Exchange as well.

Athleteshop ends its run

02/07/2018

Dutch sports web shop Athleteshop has filed for bankruptcy, after an abysmal year in which strings of complaints led to all sorts of problems. Social media and review sites were flooded with customers complaining about late deliveries.

Alibaba goes Turkish with stake in Trendyol

29/06/2018

Alibaba is the new strategic partner of Trendyol, one of the best-known e-commerce companies in Turkey. With this partnership, the Chinese retailgroup strengthens its presence in Europe.