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.

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