BDT adds Bruegger’s to its coffee break portfolio – Finance News

on Aug24

24 August 2017 | 6:33 pm

The coffee and pastry empire built by Chicago-based BDT Capital and JAB Holding has added another eatery franchise, with their Caribou Coffee outlet purchasing Bruegger’s Bagels.

BDT, led by Chicago investment banker and financial adviser Byron Trott, has been partnering with the European investment firm JAB to collect coffee and morning snack stores under one roof. So far, they’ve put together Caribou, Einstein Bros. Bagels, Chicago coffeehouse Intelligentsia, Panera Bread, Peet’s Coffee & Tea and Krispy Kreme Doughnuts, among others.

Now, Bruegger’s will join the fold after its parent company, Le Duff America, said in a statement today that it’s selling the bagel chain to Caribou, which it called the second-largest premium coffeehouse in the U.S. (presumably after Starbucks). Dallas-based Le Duff said it’s selling the branch as part of an initiative to focus on its French heritage brands, including the U.S. launch of Brioche Doree.

Bruegger’s has about 300 stores across the U.S. Le Duff didn’t release financial details of the transaction, which is expected to close at the end of September.



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