Competitor News

After opening new corporate offices and a test kitchen, Krispy Kreme opened a newly designed store in Charlotte a few weeks ago. Their first comprehensive redesign in over 10 years, the new store boasts digital and interactive features along with an expanded menu. Likewise, Tim Hortons unveiled their first new “Innovation Café” on the first…

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Competitor News

The National Owners Association (NOA), the independent franchisee association for McDonalds systems operators founded last fall, has come out with a list of menu initiatives they point to as problems. Primary among the complaints detailed by the group is the dollar drink special as well as the new Worldwide Favorites menu, which includes popular menu…

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Competitor News

The breakfast/coffee space seems to be getting more popular of late as companies look to find opportunities there. We noted that Godiva Chocolates opened its first Godiva Café earlier this week in Manhattan and the privately-held company announced it is planning to open some 2,000 new units around the world with about 700 of them…

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Peet’s Coffee to Buy Diedrich Coffee for $213M

Steven E.F. Brown reports in the San Francisco Business Times that Peet’s Coffee & Tea Co plans to buy Diedrich Coffee Inc. for $213M in cash and stock. Emeryville-based Peet’s (NASDAQ: PEET) will pay $26 per share for Irvine-based Diedrich, which has about 150 workers. Diedrich’s brands include Gloria Jean’s, Black Tiger and Flor de Apanas.

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