Peet’s Coffee has confirmed a wave of cafe closings by the end of January, including several Bay Area locations, as the chain reshapes its retail footprint.
The closures come as Keurig Dr Pepper works to acquire Peet’s parent company, JDE Peet’s, in a transaction valued at about $18 billion. That takeover bid officially launched last week, according to a Reuters report, and is expected to result in a spun-off coffee conglomerate under the name Global Coffee Co.
In statements provided to local outlets, including SFGate and the San Francisco Chronicle, Peet’s spokesperson Stephanie O’Brien said the closures “reflect a broader effort to align our business with long-term growth priorities and current market conditions,” while thanking employees and customers and reaffirming the company’s commitment to “quality, craftsmanship and heritage.”
Separately, a store manager in Evanston, Illinois, told the Daily Northwestern that the company was closing at least three locations in the Chicago area. Peet’s has not publicly identified which stores it may be closing. The Chronicle reported that store managers described the changes as affecting roughly 30 Bay Area shops.
Daily Coffee News has reached out to JDE Peet’s for comment on this story, and will provide updates as needed.
Alfred Peet opened the first Peet’s shop in Berkeley on April 1, 1966, helping shape a generation of American coffee tastes around darker roasts, Italian-inspired espresso drinks and freshly roasted coffees.
At an investor conference in July 2025, less than two months before the Keurig Dr Pepper acquisition announcement, Peet’s executives outlined a new vision for the brand in the U.S., including a focus on franchising and broader retail distribution of packaged products.
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Nick Brown
Nick Brown is the editor of Daily Coffee News by Roast Magazine.
