Early Life
Wolfgang Reimann was born in Germany on October 4, 1952. He is a descendant of the Reimann family, a wealthy German family with roots in the chemical industry. He was adopted by Albert Reimann, and inherited a significant stake in JAB Holding Company after his father's death.
Rise to Success
Reimann's career has been characterized by strategic investments and a focus on expanding the family's holdings. He inherited an 11.1% share of JAB Holding Company. JAB Holding Company, under Wolfgang's and his siblings' leadership, has grown into a major investment firm with a diverse portfolio. Key acquisitions include brands like Pret A Manger, Krispy Kreme, Peet's Coffee and Panera Bread.
Key Business Strategies
The Reimann family, through JAB Holding Company, has pursued a strategy of acquiring well-known consumer brands and streamlining their operations. This approach has led to significant growth and diversification of their portfolio. In 2019, JAB made a move into the pet care sector.
Philanthropy
In 2016, the Reimann family commissioned a study that revealed ties between their business and the Nazi regime during World War II. Following this discovery, the family formed the Alfred Landecker Foundation to support Holocaust survivors, conduct research, and combat antisemitism. The family's commitment to social responsibility is further demonstrated through their various philanthropic initiatives.