Finance
Buy Now, Pay Later Helps JAB Billionaires Build Beverage Empire
Some coffee roasters owned by JAB require up to 300 days of financing from suppliers
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JAB Holding Co., the closely held investment firm that’s building a coffee and soft drinks empire, has tapped a simple formula to help it grow: buy now and pay later. Much later.
With Monday’s purchase of Dr. Pepper Snapple Group, the investment firm behind the world’s No. 2 coffee company has made some $58 billion of acquisitions in the past six years. One secret to its success concerns its coffee suppliers, who agree to be paid as many as 300 days after selling the beans.