In a groundbreaking move, Keurig Dr. Pepper plans to acquire JDE Peet’s in an $18 billion deal, paving the way for the formation of Global Coffee Co., a new powerhouse in the coffee industry. This merger is set to revolutionize the beverage landscape by combining iconic brands and expansive market reach.
In a surprising turn, Keurig Dr Pepper is splitting into two distinct companies following its $18 billion acquisition of Peet's Coffee. This strategic move aims to enhance growth and focus on diverse beverage markets.