Is Peet’s coffee being bought out?
Peet’s Coffee has confirmed a wave of cafe closings by the end of January, including several Bay Area locations, as the chain reshapes its retail footprint. The closures come as Keurig Dr Pepper works to acquire Peet’s parent company, JDE Peet’s, in a transaction valued at about $18 billion. Keurig Dr Pepper to unwind merger after buying Peet’s Coffee for $18 billion. NEW YORK (AP) — Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again. Keurig Dr Pepper said Monday it is buying the owner of Peet’s Coffee in an $18 billion (15.We’ve never been in the commodity coffee business. From the beginning, Peet’s has sourced the highest quality beans from the world’s best farms—often paying well above fair-trade and market rates to secure coffees that meet our standards. We don’t cut corners on freshness. We don’t take shortcuts on sourcing.Keurig Dr Pepper Acquires JDE Peet’s and Announces Rafael Oliveira as CEO of Future Global Coffee Co.For decades Peet’s has worked alongside coffee partners and non-profits globally to advocate for social responsibility throughout the coffee production supply chain. In 2021 Peet’s proudly achieved 100% responsibly sourced coffee.
Who is the new owner of Peet’s Coffee?
In August 2025, it was announced Keurig Dr Pepper would purchase Peet’s Coffee for $18. The closures follow Keurig Dr Pepper’s $18-billion takeover of parent company JDE Peet’s, with the company citing long-term growth priorities and market conditions.A Peet’s spokesperson blamed “current market conditions” for the closures, reflecting the economic uncertainty and challenges facing many restaurants and retailers. But the decision also likely highlights soaring coffee prices, which surged more than 40% last year because of climate impacts on global coffee production.
Does Starbucks still use Peet’s coffee?
The Legacy Continues. In 1973, Peet’s stopped supplying Starbucks with beans, urging the company to start its own roasting operations. Peet’s Coffee is a San Francisco Bay Area-based specialty coffee roaster and retailer owned by Keurig Dr Pepper.Peet’s was one of the first coffee bean and brewed coffee retailers to offer specialty grade coffee, and to roast the beans longer, producing a liquor that is darker, more bitter, with less of the sour taste of the coffees offered in the US at the time.Coffee costs more than it used to. And so does getting that coffee into your cup. We’ve never been in the commodity coffee business. From the beginning, Peet’s has sourced the highest quality beans from the world’s best farms—often paying well above fair-trade and market rates to secure coffees that meet our standards.
When did Starbucks buy Peet’s coffee?
Jerry Baldwin, one of the three Starbucks founders who trained under Mr. Peet, went on to purchase Peet’s from Sal Bonavita in 1984. Top five coffee brands in the US based on sales according to USA Today. Well, you gotta start with The Evil Empire. Starbucks. Starbucks, number one.Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It was founded in 1971, and is currently the world’s largest coffeehouse chain.With all the merging around JAB corporation and JDE, they have shoved all their coffee brands into a single operating unit, JDE Peet’s, which is now the largest coffee company in the world. As in bigger than Starbucks. Peets and Starbucks share a common history as well for those who are unaware.
Will peet’s coffee be affected by tariffs?
JDE Peet’s sees small impact from tariffs as duties hang over Brazil coffee. July 30 (Reuters) – The CEO of JDE Peet’s (JDEP. AS) , opens new tab said on Wednesday that U. S. President Donald Trump’s threatened tariffs on Brazil included coffee from the world’s top exporter. Global beverage brand JDE Peet’s has reported strong 2024 results despite the price of green beans reaching historical highs. In 2024, the company reported €8. US$9.