July 25, 2014 3:04 PM ET

Hotels, Restaurants and Leisure

Company Overview of Peet's Coffee & Tea, Inc.

Company Overview

Peet’s Coffee & Tea, Inc., together with its subsidiaries, operates as a specialty coffee roaster and marketer of fresh-roasted coffee and tea in the United States. It offers whole bean coffee and related products consisting of products for home brewing, tea, and packaged foods; and beverages and pastries. The company sells its Peet’s brand coffee and tea through various channels of distribution, including grocery stores, home delivery, office, and restaurant and foodservice accounts, as well as company-owned and-operated stores. As of January 1, 2012, it operated 196 retail stores in California, Colorado, Illinois, Oregon, Massachusetts, and Washington. Peet’s Coffee & Tea, Inc. was founded...

1400 Park Avenue

Emeryville, CA 94608-3520

United States

Founded in 1966

811 Employees

Phone:

510-594-2100

Fax:

510-594-2180

Key Executives for Peet's Coffee & Tea, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer
Age: 53
Chief Supply Chain Officer and Vice President
Age: 48
Vice President of Retail Operations
Age: 59
Vice President of Coffee
Compensation as of Fiscal Year 2014.

Peet's Coffee & Tea, Inc. Key Developments

Peet's Coffee & Tea to Close Seven Stores

Peet's Coffee & Tea is retrenching a bit in Ohio a year after arriving in the state. The company is closing seven shops in the state, including two in Columbus. The company closing seven stores in Ohio on August 3rd given they have not performed to its expectations and didn't have a promising future outlook. The doomed shops are at 1370 Hamilton Road in Gahanna and in the Huntington Center at 41 S. High St. The other shops are in Dayton, including both in that market, and three in northeast Ohio. The closings will leave Peet's with shops in Upper Arlington and Clintonville.

Peet's Coffee & Tea, Inc. Announces First Retail Presence in Washington, D.C. with 23 New Stores to Open Across the Metro Area

Peet's Coffee & Tea, Inc. announced its first major retail launch in the Washington D.C. Metropolitan Area. The company will open 23 new stores in a phased rollout across the market this year, employing approximately 350 people. A flagship store at 1701 Pennsylvania Avenue, just steps from the White House, opens. Peet's entry into D.C. will become the company's second retail market outside of California and its biggest East Coast retail footprint.

Keurig Green Mountain, Inc. and Peet's Coffee & Tea Announce Multi-Year Manufacturing and Distribution Agreement

Keurig Green Mountain, Inc. and Peet's Coffee & Tea announced a multi-year manufacturing and distribution agreement for Peet's-branded packs for the Keurig(R) brewing system. Financial terms of the agreement were not disclosed. The companies plan to launch a selection of Keurig(R) licensed Peet's coffee and tea varieties in K-Cup(R) packs for Keurig(R) brewers produced by Keurig by the end of the summer. Peet's will continue to hand roast the beans for its Peet's K-Cup(R) packs at its LEED-Gold certified roasting facility in Alameda, Calif. and the roasted beans will be transported to Keurig for grinding and packaging in K-Cup(R) packs.

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