Share All sharing options for: Peet’s Coffee & Tea Buys intelligentsia coffee. This morning, Peet’s Coffee & Tea, the Emeryville, Cali. -based coffee roaster and retailer, announced it had acquired a majority stake in Intelligentsia Coffee, the Chicago-based roaster. This is Peet’s second major purchase in a month.
How much did Intelligentsia Coffee sell for?
It built a hip niche coffee brand by promising to ensure that the farmers who grow its coffee beans are fairly paid. But in an ironic twist, Chicago-based Intelligentsia Coffee is being sued by its former CEO, who accuses it of cheating him out of $15 million.
Is Stumptown coffee owned by Peet’s?
We’d like to keep you in the loop about some goings-on here at Stumptown. We want to be the first to tell you about some changes brewing around here. As of this week, we have been acquired by Peet’s Coffee & Tea We’re excited about the opportunities this will provide for us as we continue to grow.
How many intelligentsia locations are there?
Today, Intelligentsia operates 15 stores across Chicago, los angeles, new york, Boston and Austin. Roasteries in Chicago and Los Angeles, as well as specialist training labs in New York and Boston, keep both the coffee beans and expertise flowing across the many communities they serve.
Is intelligentsia coffee fair trade?
It does not participate in Fair Trade ; instead, a number of its beans are sourced via its own Direct Trade program.
Where is Intelligentsia Coffee grown?
Through coffeebars, training labs, and roasting works in Chicago and Los Angeles, Intelligentsia has a unique and growing presence in five american cities— Austin, Boston, Chicago, Los Angeles, and New York —with more to be announced in the future.
Did Starbucks copy Peets?
When the first Starbucks opened in 1971, Peet gave them full permission to copy the design of his store , according to the three men. Starbucks also started off selling Peet’s roasted beans, until they acquired their first roaster.
Is Peet’s coffee made by Starbucks?
Starbucks bought out Alfred Peet and, for a time, Starbucks owns both Peet’s and Starbucks All Peet’s locations were, for a time, folded into Starbucks.
When did JAB buy Peets?
Founded by Alfred Peet in Berkeley in 1966, Peet’s coffee was acquired by JAB in 2012.
Who owns Portland coffee?
CO-FOUNDER + MANAGING PARTNER Mark Stell has been roasting coffee and running retail coffee shops since 1992. Since co-founding Portland Coffee Roasters in 1996, he has helped grow the company to a staff of nearly 100, overseeing green coffee sourcing and purchasing and financial management of wholesale roasting.
Why is Portland called Stumptown?
Before Stumptown Cold Brew swept the nation, “Stumptown” was an actual town, full of stumps. Portland got this name the old-fashioned way: in the mid-1800s, the city was growing quickly and so land had to be cleared of pesky trees so humans could live here.
When did Peet’s buy Stumptown Coffee?
Peet’s Coffee, based in Emeryville, California and approaching its fiftieth year of business, bought Stumptown outright in the beginning of October from TSG Consumer Partners. Less than a month later, Peet’s proceeded to invest a majority share in Intelligentsia, closing the deal just last Friday.
Who did Stumptown sell to?
Stumptown Coffee Roasters, a posterchild of the so-called third-wave of American coffee, has been bought by Peet’s Coffee & Tea , the California company that in the 1960s helped launched the now-stodgy second wave. Peet’s spent an undisclosed sum buying out the shareholders of Portland-based Stumptown.
Is Stumptown owned by Starbucks?
Stumptown is owned by Peet’s Coffee , which in turn is owned by JAB Holding Company.
Where do Stumptown coffee beans come from?
We’re not doing it the easy way by buying bulk, mid-quality beans anonymously from a trading house. Instead, we go right to the source of the best coffee— that farm atop a hill in Ethiopia , for example.