Caribou Coffee Shops Close in Chicago
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.
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
about 1,000 people will lose their jobs as a result of the closings on