Peet’s Coffee, a San Francisco Bay Area-based speciality coffee roaster and retail chain, is preparing to shut multiple cafés in the US region by the end of this month.
The move comes as soda giant Keurig Dr Pepper is moving forward to acquire Peet’s Coffee’s parent company JDE Peet’s.
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The company has not revealed how many shops will be affected.
However, Peet’s spokesperson Stephanie O’Brien said the move is part of a wider initiative align the company with its long-term growth strategy.
The spokesperson was quoted by USA Today as saying: “Peet’s has made the difficult decision to close a number of Peet’s Coffee locations by the end of January 2026.
“As we move forward, we remain dedicated to the quality, craftsmanship, and heritage that have defined Peet’s for the past 60 years, while embracing new opportunities to innovate and grow.”
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By GlobalDataAccording to a report in the San Francisco Chronicle, approximately 30 cafés are expected to close across Peet’s network of 183 Bay Area locations.
This follows reports that Keurig Dr Pepper would make an $18bn public cash offer to acquire Peet’s parent company, with the intention of separating operations into two independent businesses.
Under that plan, one business would concentrate on the “refreshment beverages market”, while the other would be positioned as a “global coffee leader” with a presence in more than 100 countries.
The deal is expected to be completed in the second quarter of this year.
It remains uncertain whether additional Peet’s outlets elsewhere in the US will be closed, or what further changes could follow from the proposed corporate restructuring.
