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JAB Holding will merge US-based Peet's Coffee and European packaged coffee company Jacobs Douwe Egberts into a new company called JDE Peet, with an eye on taking it public in a stock offering next year. The companies' combined annual sales total $7.81 billion across more than 140 countries, compared with Starbucks' sales of $26.5 billion.

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Forbes, Reuters

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