image Ron Russell Editor’s blog

|

Peet’s swallowed up by German conglomerate

Monday, July 23, 2012

imagesqtbnANd9GcQWNGRzDBNUTZrBVzejCPeet’s Coffee and Tea, the Emeryville-based namesake of the late coffee roaster Alfred Peet, who founded his first coffee shop in Berkeley in 1966, is about to be swept up by a German conglomerate. Joh. A. Benckiser is paying $73.50 a share—or about $978 million—to take the home-grown coffee chain private. AP


New at Bay Area Observer:

Follow on Twitter

 
Copyright 2013 Bay Area Observer. Blogger Templates created by Deluxe Templates. WP by Masterplan