Competitor News

Caribou Coffee has entered the domestic franchise world with the opening just yesterday of its first domestic franchised location in Wooster, Ohio. The company, which has largely used non-traditional (licensed) operations for its business model with 325 company-owned units across the country. Another newer company in the coffee space, Hawaii-based Bad Ass Coffee, announced the…

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Competitor News

Major executive changes continue at Starbucks as COO John Culver announced he will be leaving the Seattle firm effective October 3. His departure comes in the wake of CEO Kevin Johnson retiring in April, General Counsel Rachel Gonzalez leaving in May and North American President Rossann Williams leaving in June. Culver has been with Starbucks…

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Competitor News

Aside from its ongoing union problems, there’s more news coming out of Starbucks of late. Of course, with the recent resignation of CEO Kevin Johnson, founder and former CEO Howard Schultz officially took the helm again this week and jumped right into the fray. He hosted a town-hall style open forum for employees at which…

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Competitor News

Dutch Bros entered Wall Street with a boom back in September when it IPO’d on the NYSE. On Monday, Dutch Bros (BROS) was initiated by five restaurant-sell side securities firms, with price targets from $47 to $60. Their core geographic base now is Oregon, Southern WA, Northern CA, and spreading now slowly into the Mountain…

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Competitor News

After launching its IPO, Dutch Bros had its first day of trading Wednesday and enjoyed strong investor interest, closing at $37, 70% above its $23/share listed price. The company, which has 471 units in 11 states with overwhelming concentration in its home state of Oregon along with northern California, is expanding. While more than half…

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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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