Peet’s Coffee and Tea was founded in 1966 in Berkely, California, by Alfred Peet. The original location, close to the University of California at Berkley, is still standing, with much of it being used as a museum displaying memorabilia.
The company operates a chain of coffee and tea shops, which feature specialty or hard to find coffees, coffee flavors, and tea. The company went public on the NASDAQ in 2001 and can be found under the ticker symbol PEET. JAB Holding Company acquired the company in 2012 for an undisclosed amount.
Peet’s Coffee and Tea has approximately 5,000 employees, more than 200 locations, as well as annual revenue in 2015 of $700 million. In 2014, the company acquired Mighty Leaf Tea of San Francisco, then in late 2015, a majority stake in Intelligentsia Coffee and Tea.
In January 2022, the company announced that it had achieved 100% water processing of its decaffeinated coffees.
Also in January 2022, Peet’s announced its newest flavors, Cinnamon Churro coffees, and lattes.
Peet’s maintains its corporate office in Emeryville, California.
Peet’s Coffee and Tea was founded in 1966 in Berkely, California, by Alfred Peet. The original location, close to the University of California at Berkley, is still standing, with much of it being used as a museum displaying memorabilia.
History
The company operates a chain of coffee and tea shops, which feature specialty or hard to find coffees, coffee flavors, and tea. The company went public on the NASDAQ in 2001 and can be found under the ticker symbol PEET. JAB Holding Company acquired the company in 2012 for an undisclosed amount.
Peet’s Coffee and Tea has approximately 5,000 employees, more than 200 locations, as well as annual revenue in 2015 of $700 million. In 2014, the company acquired Mighty Leaf Tea of San Francisco, then in late 2015, a majority stake in Intelligentsia Coffee and Tea.
In January 2022, the company announced that it had achieved 100% water processing of its decaffeinated coffees.
Also in January 2022, Peet’s announced its newest flavors, Cinnamon Churro coffees, and lattes.
Peet’s maintains its corporate office in Emeryville, California.