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 bought Stumptown? Stumptown founder Duane Sorenson sold the portland coffee roaster to the San Francisco-based investment firm TSG Consumer Partners in 2011, as WW first reported. TSG in turn sold its majority stake in Stumptown to Peet’s Coffee in 2015. Is Stumptown Coffee owned by Peet’s? We’d like to keep you in the loop … Read more
When Nestlé announced it had acquired a 68% stake in blue bottle coffee co earlier this week, the news jolted the highly caffeinated devotees of the chain’s specialist, single-origin coffee. Who bought Blue Bottle? When Nestlé announced it had acquired a 68% stake in Blue Bottle Coffee Co earlier this week, the news jolted the … Read more
Fast forward 21 years and java house is east africa‘s leading coffee and food chain, consisting more than 80 branches across four F&B businesses. It currently reaches 20,000 guests a day across all branches. How many branches does Java have? Java Group, in which an American private equity firm has bought a majority stake, is … Read more
In 2017, swiss food giant nestle bought a majority stake in Freeman’s company in a deal that reportedly values blue bottle at more than $700 million Did Nestle buy Blue Bottle? Blue Bottle Coffee, Inc., is a coffee roaster and retailer once headquartered in Oakland, California, United States. In 2017, a majority stake in the … Read more