Caribou Coffee Closing Stores and Rebranding Others to Peet's
Caribou Coffee is struggling, and closing 80 underperforming stores. They are also rebranding 88 others to the Peet's brand. The private equity firm who owns Caribou also owns Peet's.
Stores in several states including Ohio, Michigan, Pennsylvania, Maryland, Virginia, Georgia, Illinois, and Wisconsin. The remaining 450+ locations in other states will be the focus going forward.
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Posted by Scott Martin at April 11, 2013 11:43 AM