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 … Continue reading »

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 … Continue reading »