Peet’s Coffee & Tea Inc., the Bay Area-based cafe chain, is going private for $977.6 million – but it’s not being sold to Starbucks , its giant seattle rival. Instead, German conglomerate Joh. A. Benckiser will shell out $73.50 a share to buy the Emeryville company, paying a 29% premium on Friday’s $57.16 closing price. … Read more
Locations. By 2018, Peet’s operates over 200 retail locations in 11 states: California, Washington DC, Virginia, Tennessee, Nevada, Washington, Oregon, Colorado, Illinois, Massachusetts, and Maryland , and has expanded to China, opening a location in Shanghai. Is Peet’s coffee only in CA? There are 340 Peet’s Coffee locations in the United States as of May … Read more
Baridi, Swahili for cold , reflects the Peet’s point of view on cold brewed coffee. Some beans make much better cold brewed coffee than others, so we set out to craft a blend designed specifically to be refreshing and delicious over ice. What is baridi cold brew? Baridi translates to “cold” in Swahili, and this … Read more