German owner may completely rebrand Caribou as Peet's

Some Caribou shops closing, rebranding as Peet's Coffee

Excerpt:

Caribou Coffee operations in Ohio and North Carolina appear to be switching their brand names to Peet’s Coffee & Tea, a switch that may signal the end of the Caribou brand only months after German conglomerate Joh. A. Benckiser Group bought both companies. Officials of Brooklyn Center-based Caribou could not be reached Monday morning, but several news outlets in Ohio are reporting that the more than 30 Caribou stores in the state are either switching their names to Peet’s or closing. Caribou has about 600 locations in several states. Forbes magazine speculated in December that a merger of the Caribou and Peet’s brands might be likely, noting that Caribou’s locations were mostly in the Midwest and East and Peet’s were in the West. “To German bean-counters, it may simply not make sense in the long run to maintain two headquarters staffs and facilities for such similar businesses,” Forbes wrote

Comment: It would be nice to have a place "where everyone knows my name"

What do Caribou, Peet's and D.E Master Blenders 1753 N.V. have in common?

Twin Cities-based Caribou Coffee being purchased for $340 million
Excerpt:

Twin Cities-based Caribou Coffee, the nation's No. 2 coffeehouse chain, is being bought for $340 million, the company and its German buyer announced Monday.  

Specifically, the deal has Caribou of Brooklyn Center being purchased for $16 a share, representing a premium of about 30 percent over the closing stock price on Friday. The transaction is valued at $340 million and has been unanimously approved by Caribou's independent directors.

... Joh. A. Benckiser and affiliated companies is focused on long term investments in companies with premium brands in consumer goods. JAB's portfolio includes a majority stake in Peet's Coffee & Tea Inc., which it acquired in July for $941 million.

... Benckiser also has a 15 percent stake in D.E Master Blenders 1753 N.V., which is comprised of the former international coffee and tea holdings of Sara Lee Corp.

Comment: On my stock buying ... I really wanted to buy stock in PEET (now unlisted) but never brought myself to it. Image source

PEET - the stock I want to buy but can't

PEET

Comment: I want to buy it because it's my last name! But I am only buying dividend paying stocks. By the way, be sure to visit the Peet's Coffee & Tea website (I am not associated with this company other than the fact I buy their coffee & tea)

Peet's Coffee and Tea

Peet's Coffee and Tea

I have a special offer for all of my readers and friends. Mention my name and get discounted shipping at Peet's Coffee and Tea through Sunday.

Just mention my name - "Jim Peet"!