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Tag: Peet’s Coffee & Tea

11 Tips for the New Owners of Peet’s

July 24, 2012 | 9:43 am

11 Tips for the New Owners of Peet’s

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What does a celebrity-fragrance-producing German conglomerate know about coffee, anyway? Some Bay Area residents may have asked that question Monday after hearing that beloved local coffee chain Peet’s is being bought by Joh. A. Benckiser, a German company whose holdings include the producer of fragrances like Glow by JLo and Beyoncé Parfums. Joh. A. Benckiser also reportedly owns […]

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German Conglomerate to Buy Peet’s for Almost $1 Billion

July 23, 2012 | 12:00 pm

German Conglomerate to Buy Peet’s for Almost $1 Billion

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Emeryville-based Peet’s Coffee & Tea Inc. announced today it’s going private. German conglomerate Joh. A. Benckiser is buying Peet’s for $73.50 per share in cash, or a total of approximately $1 billion, according to Peet’s website. Last year, we reported on rumors that Seattle-based Starbucks might buy Peet’s, much to the dismay of some loyal […]

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