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Peet's Being Bought By Starbucks??!!??

oakjoan Mar 24, 2011 05:06 PM

I was up in the far northwest of the state last weekend (Ferndale) and caught a snippet of the morning news saying something about Peet's being bought by Starbucks.

It ruined my day and I don't even know if I heard it correctly.

Any info on this terrible possibility?

  1. c
    crewsweeper Mar 28, 2011 08:24 AM

    it does appear that *$ and Green Mountain have a marketing agreement with the new one cup Kreig type coffees. That could mean only a matter of time for GMC before becoming a sub of *$ like Seattle's Best.

    1. e
      ediblover Mar 27, 2011 09:09 AM

      Competition and all that aside, how will this matter? I mean, to me it's like McDonald's buying out Burger King. They're different, but ultimately the same.

      So, can anyone that frequents Starbucks and Peet's point out the big differences between the two, if any, and what your hopes are?

      1 Reply
      1. re: ediblover
        b
        bulavinaka Mar 27, 2011 07:57 PM

        IMHO, focus and quality. The beans aren't burnt at Pete's, and the folks working there seem to really care about making a coffee/espresso/tea that works for you.

      2. p
        Pius Avocado III Mar 25, 2011 10:31 AM

        That rumor's been going around since last year (and sporadically for longer than that); then, as now, it was mentioned as a potential deal in some Wall Street research.

        It's a good rumor to spread for someone who's short Starbucks stock and long Peet's.

        1. klyeoh Mar 25, 2011 09:13 AM

          A matter of time? Starbucks did "come" from Peet's:
          http://en.wikipedia.org/wiki/Alfred_Peet

          4 Replies
          1. re: klyeoh
            buttertart Mar 25, 2011 10:32 AM

            Yep, and the better man lost out. Peet's everywhere, that would be a treat.

            1. re: buttertart
              pikawicca Mar 25, 2011 02:03 PM

              Totally agree: I won't darken the door of a Starbucks, but I love Peet's.

              1. re: pikawicca
                buttertart Mar 25, 2011 02:28 PM

                I had one of the best cups of coffee in my life there the last time we were in Berkeley.

                1. re: pikawicca
                  klyeoh Mar 25, 2011 03:34 PM

                  Exactly my sentiment.

            2. m
              mhuang Mar 24, 2011 05:27 PM

              http://seattletimes.nwsource.com/html...

              According to Seattle Times, it was just a rumor; no announcement of a buyout was made at their shareholder meeting today.

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