🠈 Caribou Coffee 🠊
Caribou Coffee
Caribou Coffee is a nationwide chain of coffee shops with over 600 locations world wide. The chain is currently held by JAB Holdings. Its headquarters are in Edina, Mn. It is now part of JAB Holdings which owns Krispy Creme, Einstein Bagels, Bruegger Bagals, Peet's Coffee, Panera Bread and more.
A caribou (aka the reindeer) is a type of deer that abounds on the tundra in the arctic areas of North America and Europe. The site CoffeeAndBagels.com has information for people who want to join the Caribou herd. The video shows the roasting process:
Corporate History
John Puckett, founder of Caribou conceived of the chain while working at Bain & Company. Although the original plan was to start in an urban center, Puckett opened the first shop in Edina, Minnesota. The corporate offices continue to be in Edina.
- 1992: Puckett opened the first shop in Edina, Mn.
- 1995: Catterton Partners invested in Caribou3.
- 2000: Arcapita acquired Caribou Coffee.
- 2005: Caribou, with 337 coffee houses in 14 states, held an IPO with the symbol CBOU.
- 2011: Arcapita fully exited the chain.
- 2012: JAB Holdings of Luxembourg acquired Caribou for $16 per share.
- 2017: Caribou (financed by JAB) acquired Bruegger's Bagels from Group Le Duff.
References:
- NY Times - JAB acquires Caribou (Drawn 10/2/2019)
- Wikipedia - Caribou Coffee (Drawn 10/2/2019)
- Mergr - Catterton invests in Caribou (Drawn 10/14/2019)
Directory Listings:
- Boulder Color - Coffee and Tea: Caribou Coffee
- Colorado Springs Color - Coffee Houses: Caribou Coffee
- Denver Color - Coffee and Tea: Caribou Coffee
- Fort Collins Color - Coffee: Caribou Coffee