German-owned Peet’s acquires three super-premium coffee chains

Peet’s has recently acquired ownership or majority control of three so-called third wave coffee chains: California’s Blue Bottle, Chicago’s Intelligentsia, and Portland, Oregon’s Stumptown.  Founded in 1966, Peet’s was acquired three years ago by Joh A. Benckiser, the holding company controlled by Germany’s Reimann family, for about $1bn.  The firm also owns a majority share of Caribou coffee and Einstein Bagels, as well as other coffee and non-coffee brands.

http://www.cnbc.com/2015/10/30/hipster-coffee-swallowed-by-peets-chain.html

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