Dr Pepper buys Peet’s owner in $18bn deal amid coffee industry tariff turmoil

Deal comes at a time when consumers are pulling back and Trump’s trade wars threaten to send coffee prices soaringKeurig Dr Pepper will buy the owner of Peet’s Coffee, Douwe Egberts and Kenco in an $18bn deal, then break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.The agreement announced on Monday will essentially unwind the 2018 merger of Keurig and Dr Pepper and it arrives at a time when consumers are pulling back and the trade wars under Donald Trump threaten to send coffee prices soaring. Continue reading...

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