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
The company does not disclose its revenue, but Freeman notes that blue bottle‘s stores have been profitable from the beginning , mostly out of necessity. Why is Blue Bottle Coffee successful? They did it through content marketing. By creating in-depth brewing guides, educational videos, and courses on buying, storing, and brewing great coffee , Blue … Read more
What makes blue bottle coffee different? Blue Bottle attempts to shorten the chain and tries to bring all those involved in the growing, buying, roasting, brewing, and drinking of their coffee together with their single origin beans. This means that most of the Blue Bottle coffee you drink comes from a single sustainable source of … Read more
Freeman Spogli & Co. has acquired a majority stake in cafe rio mexican grill, the company said on Friday. Terms of the deal were not disclosed. But existing management of the fast-casual Mexican chain, which has more than 100 units 11 states, will remain and will keep “a meaningful equity stake” in the business. Are … Read more
Starting from the first cafe at Adam’s Arcade along Ngong Road which opened in 1999, java house has grown to 68 locations across east africa as of November 2018. The Java brand is also the owner of italian pizza chain 360 Degrees Pizza and the first ever East African self-service frozen yoghurt store, planet yogurt. … Read more
java house is now one of the leading coffee brands in Africa and has grown to have outlets in 14 cities across 3 countries in East Africa (Kenya, Uganda and Rwanda). It has also birthed two sister brands planet yoghurt, a healthy, tasty and fun frozen yoghurt store and 360 degrees pizza, a casual dining … Read more