The espresso bar in the one starbucks location was a hit. Nonetheless SF1 and SF2 still didn’t want to expand the concept. Starbucks bought out alfred peet and, for a time, Starbucks owns both Peet’s and Starbucks All Peet’s locations were, for a time, folded into Starbucks. Are Peet’s and Starbucks owned by the same … Read more
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
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