Jacob’s Douwe Egberts, the leading coffee firm (formed from the merger of the Mondelez International and D.E Master Blenders 1753 businesses in 2014), and US speciality coffee firm Peet’s Coffee, are to be merged ahead of a potential IPO of the combined business in 2020. The exploration of an IPO is said to be a key milestone in the partnership between Acorn Holdings (which includes JAB, the controlling shareholder in both …
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Peet’s Coffee & Tea
Peet’s Coffee, a US speciality coffee company, has announced it has acquired a majority stake in Revive Kombucha, a craft brewery based in Petaluma, California, for an undisclosed sum. Revive offers an array of naturally fermented, organic, GMO free, fair trade certified, and raw bottled kmobuchas, available in the varieties Ginger Lime, Original Cola, Hibiscus Refresher, Turmeric Ginger Citrus, Yerba Mate Ginger, Mocha Java Coffee and Cucumber Mint Lemon. Peet’s Coffee said …
Peet’s Coffee & Tea, the US firm selling teas, coffees and related accessories, is to build a new roasting facility in the state of Virginia in order to better serve consumers on the east coast, according to an article in the Tea & Coffee Trade Journal. The new 175,000-sq ft roastery in the city of Suffolk is the result of a $58 million investment and will create 135 jobs. Peet’s Coffee …
Peet’s Coffee & Tea, Inc. has acquired Mighty Leaf Tea in a partnership with private investment firm Next World Group, Food Business News reports. The acquisition of Mighty Leaf Tea, a handcrafted tea manufacturer which makes artisanal teas in a compostable mesh pouch, is aimed at bolstering Peet’s presence in the premium tea market. Mighty Leaf Tea will continue to operate independently and will have full access to Peet’s resources, …
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