Peet’s Coffee & Tea at Lumière
Jan 2, 2008 coffee, general food
In other Lumière Place news, I also noticed last night that they’ll be the location for Missouri’s first Peet’s Coffee & Tea.
It’s a fairly similar business model to Starbuck’s, so I don’t really expect good coffee from it, but it is worth mentioning as Peet’s is the original inspiration for Starbuck’s. Their founders had known Alfred Peet personally and in fact purchased beans from Peet’s in their first year of business.
Later, one of Starbuck’s founders, Jerry Baldwin, purchased Peet’s with some other investors and then sold off his Starbuck’s shares in 1987 to focus on Peet’s. With about 150 stores nationwide, some might consider it to have been the wrong choice as Starbuck’s operates around 15,000.
Tags: Lumière Place, Peets-Coffee-&-Tea, Starbucks
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