Peet’s Coffee and Tea to Open This Month

Goodbye, Caribou Coffee.

Hello, Peet’s.

Starting this month, 10 former Caribou Coffee locations around Northeast Ohio will become Peet’s Coffee and Tea.

That includes the Lakewood location at 15105 Detroit Avenue.

Several other Caribou locations have simply closed the doors. 

The Lakewood store still needs approval from the city for changes to the signage. The city’s architectural board of review is expected to vote at its meeting next week.

Lakewood has plenty of options for coffee, although Gypsy Beans closed its doors at Beck Center for the Arts this week.

The Root Café is located directly across Detroit Avenue from the new coffee shop.

Root co-owner Julie Hutchison, noting a stark difference in the Root's business model, said she doesn’t expect much competition from the new coffee shop.

“We are local — duh,” she said. “We’re locally owned and operated. Local roaster, local food.”

In December of 2012, German conglomerate Joh. A. Benckiser Group said it would be buying the publicly traded Minneapolis-based Caribou Coffee Co. for $340 million. Earlier in the year it bought Peet’s Coffee & Tea for $1 billion.

Peet’s Coffee was founded in Berkeley, CA, and is now headquartered in Emeryville, CA. The bulk of its stores are located in California. The company also maintains stores in Colorado, Illinois, Massachusetts, Oregon and Washington state.