Ownership Web · JAB Holding Company

JAB Holding Company

A private European holding company that quietly owns your morning coffee.

Founded 1828
Annual Revenue $30B+ (est.)
Headquarters Luxembourg City
Brands Owned 40+
Full Portfolio

The Brand Web

Every brand below is owned by JAB Holding Company. Highlighted rows are brands that specifically market themselves as natural, organic, wellness, or independent — the ones most likely to obscure their parent company.

Natural / Organic / Wellness
Stumptown Coffee 2015 · undisclosed
Intelligentsia Coffee 2015 · undisclosed
Legacy / Mainstream / Other
Peet's Coffee 2012 · $1B
Caribou Coffee 2012 · $340M
Keurig Dr Pepper 2016 merger · $13.9B
Einstein Bros. Bagels 2014 · $100M est.
Panera Bread 2017 · $7.5B
Krispy Kreme 2016 · $1.35B
Prêt à Manger 2018 · $2B
Coty Inc. (beauty) 2015 · $12B
Espresso House (Scandinavia) 2013 · undisclosed
Au Bon Pain 2017 · undisclosed
40+
Consumer brands owned globally
50+
Countries with active operations
$2B+ (est.)
Estimated annual marketing spend
Every purchase flows upward
When you buy a brand in the left column above — Annie's, RXBar, Vital Proteins, Stumptown — the revenue flows through subsidiary holding structures back to JAB Holding Company. The brand may feel independent. The product may be genuinely different. But the financial relationship is the same as buying any other product in this portfolio.
Marketing Obfuscation

How the Story Gets Obscured

These are documented cases where branding, packaging, or public messaging obscures the ownership relationship or ingredient reality.

01
Stumptown + Intelligentsia

Third-wave coffee absorbed into a private equity holding company

Stumptown and Intelligentsia were two of the defining names of the third-wave coffee movement — the idea that coffee was an artisanal product deserving traceability, direct trade relationships, and transparent sourcing. JAB acquired both in 2015. Neither brand displays any JAB branding. Both continue to operate independent websites, maintain direct trade messaging, and position themselves as alternatives to corporate coffee. The irony is structural: they are now subsidiaries of a company that also owns Keurig — the disposable-pod coffee platform that specialty coffee professionals have spent a decade criticizing.

02
Panera Bread

'You Pick Two' and a hidden sodium problem

Panera spent years positioning itself as 'clean' food — no artificial preservatives, colors, or sweeteners. Its 'No No List' was a marketing centerpiece. What the brand didn't prominently communicate: many of its 'clean' soups and sandwiches contained sodium levels exceeding 1,500mg per serving — close to an entire day's recommended intake. The 'clean' framing focused on ingredient type, not quantity. Panera was acquired by JAB for $7.5 billion in 2017.

03
Keurig

The pod platform that locked in convenience — and locked out competition

Keurig's original K-Cup design included a DRM-style lock to prevent third-party pods from working in their machines. The Keurig 2.0 (2014) added an optical reader that rejected unlicensed pods. Consumer backlash was significant; the feature was eventually removed. But the episode was illustrative: a platform sold on 'choice' and 'convenience' was simultaneously being engineered for lock-in. JAB's merger of Keurig and Dr Pepper in 2018 created a combined beverage platform valued at ~$20B.

Formula Changes

What Changed After Acquisition

Post-acquisition formula changes are rarely announced. They appear in the ingredient panel — in 7pt type — long after the acquisition press release has been forgotten.

Stumptown Cold Brew 2018

The original Stumptown cold brew was made from single-origin Holler Mountain blend, brewed in Portland. Post-JAB scaling, the retail cold brew moved to a multi-origin blend with standardized extraction parameters. The packaging retained 'Portland, OR' and the hand-drawn aesthetic but sourcing became co-manufacturer dependent.

Panera Bread soups 2016

Panera completed its 'clean' reformulation with fanfare — removing 150+ artificial ingredients. What was less publicized: several reformulated soups increased sodium content to compensate for flavor lost when removing artificial enhancers. The clean ingredients story ran; the sodium increase did not.

Peet's Bottled Coffee 2019

Peet's RTD (ready-to-drink) line expanded with Keurig Dr Pepper distribution. The retail bottles shifted from cold-brew to nitrogen-infused concentrate blends to reduce cost. Premium origin language was maintained on packaging; the production method change was not communicated.

Find what exists outside this system
Local vendors, independent makers, and farmers markets where your purchase doesn't route through a holding company.