Caribou Converting to Peet's

A blog about business and economics.
April 9 2013 9:14 AM

Many Caribou Coffee Outlets Converting to Peet's  

Caribou Coffee

Photo by Tim Boyle/Getty Images

Caribou Coffee, which has long struggled to compete with Starbucks, is going to be closing many of its outlets on the east coast and some midwestern markets. But as a coffee drinker, I see this as good news. Most of the shuttered Caribou branches are going to reopen as Peet's Coffee outlets.

It's a move that's more or less been in the works since last year when a Germany private equity firm—the Jo. A Benckiser Group GmbH—took Caribou private. They already owned a majority stake in Peet's and it doesn't really make a ton of sense to operate two separate regional coffee chains both of which are clearly outpaced by Starbucks. I have fond recollections of Peet's from back when I lived in Massachusetts and their brand also seems to be strong on the west coast. The reconfigured smaller Caribou is essentially going to be retreating to its home market in the the northern midwest and will operate stores in Minnesota (where it's based), North Dakota, South Dakota, Western Wisconsin, Iowa, and Kansas along with outliers in North Carolina and Colorado. The stores in Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois, Wisconsin, and the District of Columbia are going to be converted to Peet's over the next year and a half and I'm looking forward to it.

Matthew Yglesias is the executive editor of Vox and author of The Rent Is Too Damn High.



Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.

Two Damn Good, Very Different Movies About Soldiers Returning From War

Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

Students Aren’t Going to College Football Games as Much Anymore, and Schools Are Getting Worried

The Good Wife Is Cynical, Thrilling, and Grown-Up. It’s Also TV’s Best Drama.

  News & Politics
Sept. 19 2014 9:15 PM Chris Christie, Better Than Ever
Business Insider
Sept. 20 2014 6:30 AM The Man Making Bill Gates Richer
Inside Higher Ed
Sept. 19 2014 1:34 PM Empty Seats, Fewer Donors? College football isn’t attracting the audience it used to.
  Double X
The XX Factor
Sept. 19 2014 4:58 PM Steubenville Gets the Lifetime Treatment (And a Cheerleader Erupts Into Flames)
  Slate Plus
Slate Picks
Sept. 19 2014 12:00 PM What Happened at Slate This Week? The Slatest editor tells us to read well-informed skepticism, media criticism, and more.
Brow Beat
Sept. 19 2014 4:48 PM You Should Be Listening to Sbtrkt
Future Tense
Sept. 19 2014 6:31 PM The One Big Problem With the Enormous New iPhone
  Health & Science
Medical Examiner
Sept. 19 2014 5:09 PM Did America Get Fat by Drinking Diet Soda?   A high-profile study points the finger at artificial sweeteners.
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.