December 22, 2014 1:30 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





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 Coffee
Director of Coffee Purchasing
Compensation as of Fiscal Year 2014.

Peet's Coffee & Tea, Inc. Key Developments

Peet's Coffee & Tea Closes its Stores

Peet's Coffee & Tea has closed its downtown Baltimore store as it shifts its focus to growth markets, including Greater Washington, D.C. The Baltimore closing at 1 N. Charles St. comes less than a year after the coffee shop rebranded to Peet's from Caribou Coffee. The company is also closing stores in Pennsylvania, Ohio and Michigan. Peet's is also closing two stores in Alexandria, Va., and Bristow, Va.

Peet's Coffee & Tea, Inc. Announces Opening of Seven Stores in Detroit

Peet's Coffee & Tea, Inc. has announced the opening of seven store locations in the Detroit, Michigan metro area. This announcement ushers in the next phase of the company's biggest retail expansion in its 47-year history, which comes on the heels of 17 store openings in Ohio and four store openings in Pittsburgh, PA. This ongoing expansion demonstrates Peet's commitment to bringing the quality coffee to more fans in more neighborhoods across the US, while supporting these local communities. Through November, stores will open in Shelby Township, Rochester Hills, Commerce, Novi, Royal Oak, Grosse Pointe and Ann Arbor.

Peet's Coffee & Tea Expands in Chicago with 16 New Stores

Peet's Coffee & Tea announced its significant expansion across the greater Chicago area. The Peet's Coffee & Tea will open 16 new stores in a phased rollout across the market in fall 2014, employing approximately 270 people in the area. Peet's new store at 20 N. Michigan Avenue opens on September 2, 2014. Chicago is part of Peet's aggressive U.S. expansion effort that began last year, which will bring its store total to nearly 300 locations nationwide by the end of the year 2014.

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