Lavazza wants to buy Douwe Egberts' L'Or brand

Lavazza wants to buy Douwe Egberts' L'Or brand

Italian coffee brand Lavazza is allegedly interested to buy the L'Or brand from DE Master Blenders. An official bid should be lodged in November, but there may be others who will step in.

Competition

L'Or and Grand Mere have been put up for sale following the merger between DE Master Blenders and Mondelez' coffee branch. Both brands have to be sold in order to avoid market domination for the newly-merged company. The sale should bring in 400 to 500 million euro.

 

Lavazza is apparently not the only interested party, as Israeli Strauss Group and investment groups BC Partners, Cinven, CD&R and Pai Partners are also looking at a possible purchase.

 

The Reiman family will own 51 % of the new company, called Jacobs Douwe Egberts, while Mondelez will have the remaining 49 %. 

Questions or comments? Please feel free to contact the editors


Zalando's growth once again surpasses 20 %

10/08/2017

German Zalando has achieved its 20 % growth target for the second quarter, but just barely. It still forecasts a 20 to 25 % growth for its full fiscal year.

Gucci files lawsuit against Forever 21

09/08/2017

Fashion label Gucci has decided to file a lawsuit against fashion chain Forever 21 in the United States. The case revolves around several pieces of clothing, all with a blue-red-blue or green-red-green ribbon. 

Ralph Lauren outperforms expectations

08/08/2017

Fashion label Ralph Lauren’s first quarter was a very good one, as it beat both analysts’ turnover and profit forecasts. It is quite a turnaround for a company that suffered a huge loss only a year ago.

Difficult first quarter for New Look

08/08/2017

British fashion chain New Look’s past quarter was disappointing with a 4 % turnover drop. Its adjusted EBITDA fared much worse, with a 35 % drop.

ING forced to pay Foot Locker compensation

07/08/2017

Dutch ING Bank will have to pay the Dutch and European Foot Locker branches 300,000 euro in damages. A court decided the fee after Foot Locker was scammed for 1.8 million euro in 2015.

Asics opens its largest store yet in London

04/08/2017

Sports brand Asics opened a new flagship store in London, which is also its largest store in the world. Located in Regent Street, the store will bring together its four labels for the first time ever.

Back to top