In this roundup of recent investment and M&A news, New York-based Grady’s Cold Brew kicks off a crowdfunding investment campaign online, IFF and DuPont come together, and the merger of Peet’s Coffee and Jacobs Douwe Egberts sets the stage for potentially the world’s biggest publicly traded coffee company.
Peet’s has cooled its efforts to create a regional cold chain distribution system. The company has ceased operations of its Coldcraft direct store distribution network and discontinued its bottled cold brew line as it focuses on developing shelf-stable RTD coffee products.
Peet’s Coffee will preview Peet’s Blended Coffee, a new line of four ready-to-drink (RTD) beverages, at this year’s National Association of Convenience Stores (NACS) tradeshow in Atlanta, Georgia.
Iliza Shlesinger brings high-energy laughs whenever she takes the stage—and now off the stage – the comedienne is partnering with Peet’s Iced Espresso. Peet’s Iced Espresso, the craft single-origin Colombian espresso beverages for an anywhere, on-the-go refreshment, today announced a new collaboration with Iliza Shlesinger.
Shakeups at three major coffee players: Peet’s announces former Wrigley president as CEO; Dunkin’ Brands promotes Hoffman to chief executive position; Starbucks CFO announces retirement.
Buoyed by an expansion of its cold-chain distribution network Coldcraft, the Emeryville, Calif.-based coffee roaster and retailer is preparing several new RTD product launches over the coming weeks to further build its brand presence across multiple retail channels.
Dave Burwick, the CEO of Peet’s Coffee & Tea, Inc., has departed the Bay Area-based specialty coffee maker to take the helm at Boston Beer, the producer of Samuel Adams.
BevNET Live 2017 featured discussions with two high-profile companies driving the coffee category’s prodigious growth over the past year: Dave Burwick, president and CEO of Peet’s Coffee & Tea, and Greg Steltenpohl, co-founder and CEO of Califia Farms.
The first day of BevNET Live Winter 2017 in Santa Monica probed the coffee category for answers on how entrepreneurs can handle competitions and asked retailers and consultants about how they think ecommerce is changing the marketplace for beverage.
The capital infusion will be used to grow Revive’s brewery operations, scale its staff, and expand its national distribution footprint, which will include integration into Peet’s company-owned cold-chain Direct-Store-Delivery (DSD) network, Coldcraft.
The company announced today the creation of Coldcraft, a new business unit dedicated to cold brew coffee innovation and distribution. Coldcraft will focus on building the RTD and draft keg business for Peet’s and third-wave coffee producer Stumptown, which the company acquired in 2015.
Given the investments into a cohort of cold brew companies and the pervasiveness of the new style, it’s likely that stores and distributors are going to need to find room for both clean and sweet cold brew styles. Thus far, it’s been left to individual companies to carve out their own philosophy towards indulgence.
