Caribou announcement makes for a strange brew - KMSP-TV

Caribou announcement makes for a strange brew

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Caribou Coffee Co. Inc. is shutting a quarter of its stores as it shifts its focus to its home in Minnesota and other core markets.

The company announced this week that it will close 80 underperforming coffeehouses on Sunday. Another 88 locations will be rebranded as Peet's Coffee & Tea, a chain that, like Caribou, was acquired by German holding company Joh. A. Benckiser in 2012 writes John Vomhoff in this weeks edition of the Minneapolis St. Paul Business Journal.

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