K-Cup maker just sold itself for an impressive $14B
Keurig, perhaps the world's most popular new coffee maker -- is $14bn richer. According to reports, the coffee maker reportedly agreed to sell itself to private equity firm JAB Holding Co. The same company reportedly holds a majority stake in legendary shoe line Jimmy Choo.
In the year ending 26 September, Keurig had a 1% rise in sales of its popular "K-Cups" that serve single cup coffee servings to consumers to more than $3.6billion. Its machines however, aren't performing so well. Reports place sales of the machines at a low $632.6m at the end of the previous fiscal year.