March 05, 2015 6:57 AM ET

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Company Overview of Peet's Coffee & Tea, Inc.

Company Overview

Peet’s Coffee & Tea, Inc., together with its subsidiaries, operates as a specialty coffee roaster and marketer of fresh-roasted coffee and tea in the United States. It offers whole bean coffee and related products consisting of products for home brewing, tea, and packaged foods; and beverages and pastries. The company sells its Peet’s brand coffee and tea through various channels of distribution, including grocery stores, home delivery, office, and restaurant and foodservice accounts, as well as company-owned and-operated stores. As of January 1, 2012, it operated 196 retail stores in California, Colorado, Illinois, Oregon, Massachusetts, and Washington. Peet’s Coffee & Tea, Inc. was founded...

1400 Park Avenue

Emeryville, CA 94608-3520

United States

Founded in 1966

811 Employees

Phone:

510-594-2100

Fax:

510-594-2180

Key Executives for Peet's Coffee & Tea, Inc.

Chief Executive Officer and President
Age: 52
Chief Financial Officer, Vice President and Principal Accounting Officer
Age: 53
Chief Supply Chain Officer and Vice President
Age: 48
Vice President of Coffee
Director of Coffee Purchasing
Compensation as of Fiscal Year 2014.

Peet's Coffee & Tea, Inc. Key Developments

Mars Drinks Enters into Agreement with Peet's Coffee & Tea

Mars Drinks, a segment of Mars, Incorporated, has entered into an agreement with Peet's Coffee & Tea, to bring Peet's coffee to offices across North America. Peet's coffees are now available as part of Mars Drinks' workplace beverage portfolio, which includes FLAVIA brewers, coffees, espressos, teas and hot chocolates. Mars Drinks is offering three of Peet's most popular varieties, French Roast, Cafe Domingo and Colombia Luminosa, which are freshly-ground and packaged in Mars Drinks' proprietary, recyclable Freshpacks to ensure taste, quality and freshness. With a shared commitment to quality and freshness, the Mars Drinks' Peet's Freshpacks, under calibrated conditions, meet the in-cup requirements of the Specialty Coffee Association of America's (SCAA) gold cup standard.

Peet’S Coffee & Tea Opens New Store in Wrigley Building

Peet’s Coffee & Tea announced the opening of its new store in the iconic Wrigley Building at 400 North Michigan Avenue. Peet’s now has 17 retail locations across the greater Chicago area. Peet’s in the Wrigley Building showcases the company’s new, contemporary store design that takes the coffee shop experience to a higher level, similar to the way Peet’s crafts its coffee, while connecting people to the history and character of the building. The 1,140 square-foot store, located in the South Tower off the central plaza, incorporates the building’s vaulted ceilings and is designed with natural materials including honed Carrera marble counters, custom light fixtures and espresso-stained oak casework. It also features an historic, 1930 architectural photo of the Wrigley Building, a living wall of plants similar to the ivy-covered outfield walls at Wrigley Field, and a wood carved map of the Chicago skyline. The café will also offer patio seating during summer months.

Peet's Coffee & Tea Closes its Stores

Peet's Coffee & Tea has closed its downtown Baltimore store as it shifts its focus to growth markets, including Greater Washington, D.C. The Baltimore closing at 1 N. Charles St. comes less than a year after the coffee shop rebranded to Peet's from Caribou Coffee. The company is also closing stores in Pennsylvania, Ohio and Michigan. Peet's is also closing two stores in Alexandria, Va., and Bristow, Va.

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