Tuesday, July 24, 2012
The Billion Dollar Cup of Coffee - For Peet's Sake!!
Unless you didn't have your coffee yesterday, you've already heard the news. Peet’s Coffee & Tea Inc., the Bay Area-based cafe chain, is going private for $977.6 million.
That's a whole lot of beans.
I remember when Peet's was just a Berkeley-thing. Locally-owned and operated.
Now, I've got nothing bad to say about Corporate America. It keeps my lights on and a roof over my head. However, I'm anxious to see what the German company - Joh. A. Benckiser (JAB) will do with the local institution.
Change is good. I guess. And a billion dollars is pretty hard to pass up.
I'd love to hear from some of you original "Peet-niks."
This news has given me a whole new appreciation for Yuban.
Have a great day!
at 8:50 AM