Caribou Coffee on Sunday closed nine of its company-owned coffee shops in Michigan, but the Ann Arbor store was spared.
The store, at 1423 E. Stadium Blvd., is among nine locations in Michigan that will be converted to Peet’s Coffee & Tea in coming months, a company spokesperson confirmed.
The Caribou Coffee on East Stadium Boulevard in Ann Arbor will be converted to a Peet's Coffee & Tea.
From Yelp
The Minnesota-based coffee retailer announced plans last week to close 80 underperforming company-owned stores on April 14 and convert an additional 88 stores to Peet’s Coffee & Tea over the next 12 to 18 months. Moving forward, Caribou CEO Mike Tattersfield said the Caribou Coffee brand will consist of 468 locations in eight states and 10 international markets.
There were 22 Caribou stores in Michigan, and 13 remain open, according to the company’s website. The licensed locations in Detroit Metro Airport and Henry Ford West Bloomfield Hospital will not be affected.
The Ann Arbor Caribou Coffee manager declined to comment and deferred AnnArbor.com to Caribou’s corporate representatives. It’s unclear when the store will be converted and what it will mean for employees.
Founded in 1966, Peet’s Coffee & Tea is a specialty coffee roaster and retailer based in California. There also are Peet’s stores in Colorado, Illinois, Massachusetts, Oregon and Washington.
German investment firm company Joh. A. Benckiser Group acquired both Caribou Coffee and Peet’s Coffee & Tea in 2012.
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MLive reporter David Muller contributed to this report.
Lizzy Alfs is a business reporter for AnnArbor.com. Reach her at 734-623-2584 or email her at lizzyalfs@annarbor.com. Follow her on Twitter at http://twitter.com/lizzyalfs.