Peet's Coffee & Tea selling for $1 billion Issues Beyond Palo Alto, posted by Editor, Palo Alto Online, on Jul 24, 2012 at 11:52 am
Longtime Bay Area fixture Peet's Coffee & Tea Inc. will be sold to a German company for $1 billion, the Emeryville-based company announced in a statement Monday. Peets has several locations in Palo Alto.
Read the full story here Web Link posted Tuesday, July 24, 2012, 11:18 AM
Posted by Joe, a resident of Another Palo Alto neighborhood, on Jul 24, 2012 at 11:52 am
I suppose that means that a cup of Peet's coffee is going to jump up to $2.00 now--to pay for all the lawyers' fees. Well .. maybe they will start selling good German beer too. Not certain what the Germans know about Coffee .. but they do know beer.
Posted by Vivian, a resident of Mountain View, on Jul 31, 2012 at 8:13 pm
I was so sad when I came home from work today and my brother broke the news to me of the sale of Peets he said that Star Bucks tried to accquire them and after reading this article I am so happy that JAB is purchasing them Thank God, there is a coffee God. I love & always have loved PEETS Coffee they are by far, the best coffee & teas in the World to me. Please do NOT change a thing.