Peet's

Corporate brand

A specialty coffee roaster and retailer associated with dark-roasted coffee, fresh beans, and the early development of the American gourmet coffee market.

Last updated October 6, 2026

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Overview

Peet's Coffee is a specialty coffee roaster, retailer, and packaged-coffee brand founded by Alfred Peet in Berkeley, California, in 1966. The company helped introduce American consumers to a darker, more intensely developed style of Arabica coffee at a time when much mainstream U.S. coffee was lighter roasted and less differentiated. Its original business emphasized freshly roasted whole beans rather than prepared drinks, although the brand later developed a substantial network of coffee bars serving brewed coffee, espresso beverages, tea, and cold brew. Alfred Peet was born in the Netherlands and learned coffee and tea roasting through his family's business in Alkmaar. He subsequently worked in the coffee and tea trade in London, New Zealand, Indonesia, and San Francisco. At Peet's first store, on Vine Street near the University of California, Berkeley, he applied small-batch roasting and a quality-focused sourcing approach shaped by European coffee traditions. The business became an important meeting point for customers interested in coffee quality and later acquired a devoted following sometimes referred to as “Peetniks.” Peet's influence extended beyond its own stores. Jerry Baldwin, Gordon Bowker, and Zev Siegl, the founders of Starbucks, knew Peet and drew inspiration from his store design, suppliers, and approach to coffee. Baldwin later acquired Peet's, while Starbucks developed separately under Howard Schultz after a non-compete arrangement involving the Bay Area. This connection made Peet's an important predecessor and influence in the growth of the modern American specialty-coffee sector, although the two companies ultimately followed different ownership and operating paths. The company changed ownership several times as it expanded. Peet sold the business in 1979 but continued to advise it for several years. Baldwin and his investors acquired the four-store operation in 1984. Peet's became a public company in 2001, then was taken private by JAB Holding Company in 2012. It later combined with Jacobs Douwe Egberts in 2015 to create JDE Peet's, a global coffee and tea group. JDE Peet's went public on Euronext Amsterdam in 2020; Peet's is a brand and operating business within that group rather than a separately listed company. Peet's business today spans company-operated coffee bars, licensed locations, wholesale and grocery distribution, e-commerce, and packaged coffee. Its offerings include whole-bean and ground coffee, espresso beverages, teas, brewed coffee, ready-to-drink cold brew, and related merchandise and equipment. The brand maintains a particularly strong retail and grocery presence in the United States, where its coffee has been sold through thousands of grocery stores, universities, wholesalers, and other channels. Its retail estate has been concentrated in selected U.S. markets, with additional international activity including stores in China. The brand remains positioned around craft roasting, freshness, darker roast profiles, and coffee expertise. It has also expanded its menu and format range through all-day food, pour-over and other manual brewing methods, bottled cold brew, university and transit-center partnerships, and changing milk and beverage policies. In March 2025, Peet's announced that it planned to stop charging an additional fee for plant-based milk in drinks from June 2025. In August 2025, Keurig Dr Pepper announced an agreement to acquire Peet's Coffee from JDE Peet's for a reported transaction value of $18.4 billion; the proposed transaction and related corporate reorganization were described as planned rather than an already completed change of ownership in the available reference material.

History

Peet's traces its origins to 1966, when Alfred Peet established the business in Berkeley, California. The founding placed the company at an important early stage of the American specialty-coffee movement. Rather than competing only on convenience or low price, Peet's developed its identity around coffee quality, careful sourcing, roasting expertise, and distinctive flavor. The brand became particularly associated with dark-roasted coffees that deliver a pronounced, full-bodied taste. From its original café-oriented base, Peet's expanded its offer across several connected areas. Its stores provide prepared beverages and food, while packaged whole-bean and ground coffee extend the brand into home consumption. Tea, espresso beverages, cold coffee drinks, and single-serve formats broaden the portfolio beyond traditional brewed coffee. This combination of cafés and consumer products allows Peet's to serve customers both through direct retail experiences and through at-home preparation. The company later developed into a larger North American coffee business, maintaining its association with craft coffee while building broader distribution. Its product range has included established blends such as Major Dickason's Blend and House Blend, as well as other coffee and tea products. The official brand positioning continues to emphasize operation since 1966 and adherence to high standards for coffee and tea quality and taste. In 2012, Peet's was acquired by JAB Holding Company. The transaction placed the brand within JAB's wider coffee portfolio while allowing Peet's to continue operating under its own name and maintaining its established coffee identity. Peet's is now a privately held, active brand with café, packaged-coffee, and online commerce activities. Its historical significance rests on its role in popularizing premium, strongly roasted coffee in the United States and on its continuing integration of café service with branded products for home use.

2012
Acquisition by JAB Holding Company
Peet's becomes part of JAB Holding Company's coffee portfolio and continues as a privately held coffee brand.
1966
Peet's is founded in Berkeley
[1]Peet's Coffee | The Original Craft Coffee Since 1966peets.com
Alfred Peet establishes the coffee business in Berkeley, California, beginning the brand's specialty-coffee heritage.

Products and positioning

Premium specialty-coffee brand centered on craft roasting, strong flavor, and dark-roast heritage.

Coffee blend
Major Dickason's Blend
A signature Peet's coffee blend associated with the brand's robust, full-flavored, dark-roast style. It is offered for home preparation in packaged coffee formats.
Coffee blend
House Blend
A core branded coffee blend representing Peet's everyday offering. It is available as packaged coffee for brewing at home and reflects the company's emphasis on rich flavor and roasting craft.
Café beverages
Peet's Café Beverages
The café range includes brewed coffee, espresso-based drinks, cold coffee beverages, and tea. These products provide the direct retail expression of Peet's coffee and beverage positioning.
At-home coffee
Packaged Coffee
Peet's sells coffee for home preparation in whole-bean, ground, and other packaged formats. The range extends the café brand into grocery, online, and household brewing occasions.

Brand decisions

2012
JAB acquisitionM&A
Background
Peet's operated as an established specialty-coffee brand with café and packaged-coffee activities before becoming part of JAB Holding Company's coffee portfolio.
Action taken
JAB Holding Company acquired Peet's in 2012.
Aftermath
Peet's continued as an active brand under private ownership, retaining its name and coffee-focused market positioning.

Recent events

2025
Peet's announces removal of plant-based milk upcharges[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
Pricing
The company announced that it would stop adding an extra charge for plant-based milk in drinks beginning in June 2025.
2025
Keurig Dr Pepper announces planned acquisition of Peet's Coffee[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
M&A
Keurig Dr Pepper announced a planned purchase of Peet's Coffee for a reported $18.4 billion, alongside a proposed separation of the combined businesses into two U.S.-listed companies.
2024
Berkeley and Portland locations vote to unionize[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
Other
Workers at Peet's 1776 4th Street location in Berkeley voted 12–3 for Industrial Workers of the World representation. In Portland, Oregon, workers at 1441 NE Broadway voted 11–0, becoming the first Peet's union shop outside California described in the reference material.
2023
North Davis workers vote to unionize[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
Other
Workers at Peet's North Davis, California, location voted 14–1 to join SEIU Local 1021, becoming the chain's first unionized U.S. store according to the reference material.
2023
Additional California Peet's locations vote for union representation[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
Other
Employees at the Southside Berkeley, Temescal, and Piedmont locations voted in favor of union representation, citing concerns including pay, scheduling, and working conditions.
2020
Peet's Coffee becomes a public-company brand through the JDE Peet's IPO[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
M&A · Other
JDE Peet's raised approximately €2.5 billion in its Euronext Amsterdam initial public offering, placing Peet's within a publicly traded parent group rather than maintaining a separate Peet's listing.
2020
JDE Peet's lists on Euronext Amsterdam[3]JDE Peet's在阿姆斯特丹泛欧交易所上市jdepeets.com
M&A · Other
JDE Peet's became a publicly traded company on Euronext Amsterdam. Peet's Coffee became one of the group's principal consumer brands rather than a separately listed company.
2012
Peet's Coffee becomes part of JAB's coffee portfolio[2]皮爷咖啡宣布取消植物奶附加费en.wikipedia.org
M&A
Joh. A. Benckiser acquired Peet's Coffee, taking the company private and placing the brand within JAB's expanding international coffee portfolio.

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