And this final note, a bit of buzz in the caffeinated world of upscale coffeehouses.
The Bay Area-based Peet’s Coffee and Tea has been sold. But if you think it’s about to get a familiar green Starbucks awning. it’s not.
A German luxury goods conglomerate bought Peets for $977 million, and it joins the high-end likes of Bally and shoemeister Jimmy Choo in the company’s portfolio. Peet’s headquarters will stay in Emeryville, Calif.
As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.
Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.
Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.
Cheers to trustworthy journalism!
Give just $7/month to get your own KaiPA glass.