FDBusiness.com

European Commission Clears Acquisition of Pret A Manger by JAB

 Breaking News
  • First Milk Acquires Fonterra’s 51% Stake in Fast Forward Joint Venture First Milk, a wholly British farmer-owned dairy co-operative, has agreed to purchase Fonterra’s 51% share of its Fast Forward joint venture, established in 2011, and has entered a new strategic partnership with Havero Hoogwegt for global WPC80 sales and distribution. From July 2019, First Milk will be the sole owner of the whey protein concentrate [...]...
  • Leaders in Luxury Packaging Join London’s Most Exclusive Packaging Event Luxury Packaging London 2019 will celebrate its 10th anniversary when it returns to Olympia on 11 & 12 September, hosted alongside Packaging Innovations. As the UK’s leading luxury packaging event, it will bring together over 180 exhibitors and a dedicated audience of senior buyers, all looking to source the latest in luxury packaging solutions. With consumer concerns [...]...
  • The Lakes Distillery Announces £3.75 Million Investment The Lakes Distillery, based in Cumbria, England, has secured a £3.75 million investment from a group of investors led by Gresham House Asset Management, a specialist equity investment and asset management company. Joining existing investors and high-net-worth individuals, who recently made an additional £1.6 million investment, this is a milestone for the distillery and Gresham [...]...
  • Kerry Group Inaugurates New Production Facility in India Kerry Group has officially opened its new €20 million production facility in Tumkur, India. The new, state-of-the-art 40,585 square metre facility, located 120 km from Bangalore, will serve Kerry Taste & Nutrition’s global and regional customers in the South West Asia region, with Kerry Taste and Beverage systems for the fast-growing retail and foodservice markets. This is Kerry Group’s [...]...
  • Lamb Weston to Acquire Australian Frozen Potato Processor Lamb Weston has agreed to acquire Ready Meals, a frozen potato processor in Australia. Terms were not disclosed. Ready Meals sells frozen potato products under the Harvest Choice brand and operates frozen potato processing and storage facilities in Hallam, Victoria. Lamb Weston, along with its joint venture partners, is a leading supplier of frozen potato, sweet [...]...

European Commission Clears Acquisition of Pret A Manger by JAB

European Commission Clears Acquisition of Pret A Manger by JAB
September 11
09:31 2018

The European Commission has approved, under the EU Merger Regulation, the acquisition of PAM Group (Pret A Manger) of the UK, by JAB Holdings, controlled by JAB Holding Company of Luxembourg. Pret A Manger is a food and drink retailer.

JAB holds interests in tea and coffee brands (including Jacobs, Douwe Egberts and Tassimo) and coffee and doughnut retailers (including Krispy Kreme Doughnuts, Espresso House and Balzac Coffee). The Commission concluded that the proposed acquisition would raise no competition concerns in the UK, Denmark and the Netherlands, given the companies’ limited overlap in food and drink retail, the fact that they are not close competitors, and the presence of a large number of competitors.

The potential vertical relation between JAB’s wholesale and Pret A Manger’s retail coffee sales does not raise competition concerns either, due to the minimal presence of Pret A Manger in countries where JAB is strong. The transaction was examined under the normal merger review procedure.

About Author

mike

mike

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • June 25, 2019BevExpo 2019
  • October 17, 2019Future Food-Tech
AEC v1.0.4

find food jobs

The Magazine

F&D Business Preferred Suppliers

New Subscriber

Subscribe Here



Advertisements