Starbucks Reportedly Exploring Buying Peet's

March 17, 2011

Starbucks has recently been in talks with Peet's Coffee & Tea to explore the possibility of acquiring Peet's, according to a DealReporter item that has been picked up by other news media.

Neither company has commented on the reports.

Peet's has indicated interest in entering the single-cup segment. Starbucks this month signed a deal with Green Mountain to sell its coffee for Keurig single-serve brewing systems. Peet's has a current market value of $589 million, according to Reuters.