Competitor News

Several weeks ago, it was reported that JAB Holdings had created a Panera Brands platform which includes three of the companys breakfast daypart entities – Panera Bread, Caribou Coffee and Einstein Bros. Bagels. In the wake of the move, speculation is that after private ownership for the past five years, the company is likely to…

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Competitor News

Although they haven’t taken or scheduled any formal actions yet, unionized workers at a supply distributor that services about 900 Starbucks formally authorized a strike last week. The workers, approximately 300 drivers and warehousemen, and members of the Teamsters Union Local 710, are employed at 4 DPI Specialty Foods Inc. facilities in Chicago, Indianapolis, Minneapolis…

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Competitor News

Starbucks reported strong Q1 earnings yesterday and advised that global comparable store sales were up 4.0% during the quarter with ticket/pricing adding 3 points to growth. Americas SSS were reported at +4% vs. a projected 3.2%. Globally, the company claimed 541 net stores during Q1 accounting for a 7% growth year over year to a…

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Miscellaneous

Cybersecurity issues and data breaches unfortunately continue to make news across the country with one of the recent examples being Caribou Coffee. It was reported earlier this month that some 265 Caribou Coffee stores suffered a data breach in late November, just a month after Dunkin’ suffered a similar breach in October. A host of…

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Miscellaneous

Just this week, Dunkin’ CFO Kate Jaspon, who has been with Dunkin’ for the past eleven years and was named CFO earlier this year, was appointed to the Board of Directors for Mod Pizza. We want to congratulate her on the appointment. We also note this week that Caribou Coffee (now owned by JAB Holdings)…

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Competitor News

JAB Holdings this week completed their acquisition of Kuerig Green Mountain and in so doing, consolidated their position in the world of coffee. In addition to the new acquisition, the privately-owned JAB Holdings now has within their corporate family, the following companies:  Caribou Coffee, Peet’s Coffee & Tea, Jacobs Douwe Egberts, Bach Espresso, Bravo, Einstein…

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Competitor News

The big coffee news this week included the fact that Keurig Green Mountain was being acquired for just under $14 billion by JAB Holding Co.  Just in the past few years, the company has acquired Peet’s Coffee & Tea, Caribou Coffee, Einstein Bagles, Stumptown Coffee Roasters and Intelligensia Coffee.  Bloomberg reports that the company has…

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Competitor News

We noted that Petes Coffee & Tea this week announced that they had reached agreement to acquire Portland, Oregon based Stumptown Coffee Roasters in the coming months.  16-year old Stumptown operates 10 units currently in Portland, Seattle, Los Angeles and New York with an 11th scheduled for New Orleans in February.  Pete’s also owns Caribou…

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Competitor News

Caribou Coffee is being co-branded with Einstein Bros. Bagles beginning with the opening of a new co-branded store in Colorado Springs on Wednesday.  Both entities are owned by private-equity firm Joh. A. Benckiser Group.  The German conglomerate plans to open 20 of the newly co-branded stores this year split with half being conversions and the…

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Competitor News

Keurig Green Mountain this week announced they will increase the cost of their K-Cups and other coffee products by as much as 9%.  The increase is expected to be effective early in November of this year.  Caribou Coffee plans a number of additions to their food menu, announcing this week that green salads, wraps, pasta…

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