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
Who is Peet’s coffee owned by? There are 236 Peet’s locations nationwide and 10 Stumptown Coffee Roasters spots. Peet’s is owned by German conglomerate Joh. A. Benckiser , which also owns Labelux, a luxury goods company that owns Jimmy Choo and Bally. Is Peet’s owned by Starbucks? Peet’s Coffee & Tea Inc., the Bay Area-based … Read more
However, the chain was taken private in 2012 when german private-equity company jab holding bought caribou coffee for $340 million. As of 2021, JAB Holding owned Peet’s Coffee, panera bread, JDE, Pret A Manger and Krispy Kreme among others. Who bought Caribou Coffee? JAB Holding Co. , the luxembourg-based parent company of Caribou Coffee, is … Read more