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Is Peet’s Coffee Owned By Starbucks?

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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

What Is Special About Peet’s Coffee?

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Peet’s is known for having extremely fresh, high quality coffee , and those new to the chain will recognize the superior quality on first sip. It’s no surprise that one of their top sellers is a single origin coffee from Guatemala. What is unique about Peet’s coffee? The Peet’s founder inspired the owners of Starbucks … Read more