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Peet’s Coffee to Shutter Multiple Bay Area Shops by Month’s End

Peet’s says the closures reflect a realignment with long-term growth priorities during Keurig Dr Pepper’s $18 billion takeover of its parent.

Overview

  • The company confirmed multiple Bay Area store closures by the end of January but has not released a full list or exact count.
  • San Francisco locations at 919 Cole St. and 2257 Market St. set Jan. 30 as their final day, and the Polk Street cafe at 2139 C Polk St. is also expected to close this month.
  • Store managers said roughly 30 Bay Area shops are slated to shutter, a figure the company has not confirmed.
  • Local reporting indicates the retrenchment extends beyond Northern California, with closures also reported in the greater Chicago area.
  • The shake-up tracks with Keurig Dr Pepper’s $18 billion all-cash bid for JDE Peet’s, which Reuters reports is expected to close in the second quarter alongside plans to split into separate coffee and beverage companies.