Caribou Coffee Shops Close in Chicago


Say it isn’t so?!  Yes, it is. 
Caribou Coffee is pulling out of Illinois. 
The Minneapolis-based cafe chain will close the majority of its 66
Illinois locations, converting more than a dozen to Peet’s Coffee &
Tea shops over the next 12 to 18 months. Closures will take effect
Sunday at noon. 
Caribou was taken private in a $340 million deal with Joh. A. Benckiser,
a German investment company, this year. All told, the new owner will
close 80 stores, and convert another 88 into Peet’s Coffee & Tea. 
After the closures and remodels, Caribou will have 486 locations in
Minnesota, North Dakota, South Dakota, Western Wisconsin, Iowa, Kansas,
North Carolina, Denver, and 10 international markets, the company said
A local store employee who asked not to be identified estimated that
about 1,000 people will lose their jobs as a result of the closings on

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