Caribou Coffee was acquired by JAB Holding Co., a Luxembourg-based conglomerate, in 2012.
Details of the Acquisition
The acquisition of Caribou Coffee by JAB Holding Co. was a significant event in the coffee industry. This move was part of a broader strategy by JAB to expand its portfolio of coffee and restaurant brands.
Key Information Regarding the Acquisition:
- Acquirer: JAB Holding Co.
- Year of Acquisition: 2012
- Other Simultaneous Acquisition: Alongside Caribou Coffee, JAB also acquired Peet's Coffee & Tea Inc., which was the predecessor company to JDE Peet's.
Post-Acquisition Changes
Following the acquisition, JAB Holding Co. implemented several changes to Caribou Coffee's operations and branding strategy:
- Store Closures: Approximately 80 Caribou Coffee stores were shut down.
- Rebranding Efforts: An additional 88 Caribou stores were rebranded to operate under the Peet's Coffee banner.
- Reopenings: Despite the initial closures and rebranding, several Caribou Coffee locations have since reopened in the U.S., indicating a dynamic operational strategy post-acquisition.
This acquisition highlights JAB Holding Co.'s influence in the global coffee market, bringing various prominent coffee brands under its umbrella.
