Competitor News

A little over a week ago, North Carolina-based Duck Donuts announced it was expanding to Puerto Rico with the signing of a three-store development agreement with new Puerto Rican franchisees. The 65-unit brand specializes in made-to-order donuts. We also noted that Beijing-based coffee startup company Luckin Coffee, which opened 2,000 units last year and 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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