US specialty coffee pioneer Peet’s to close dozens of California stores this month

The move comes just days after US beverage giant Keurig Dr Pepper kickstarted its $18bn takeover of the specialty coffee group’s parent company, JDE Peet’s, and caps a turbulent six months for the San Francisco Bay trailblazer

California-based Peet’s Coffee has announced plans to shutter 10% of its US store network just days after Keurig Dr Pepper (KDP) launched its $18.2bn takeover of the specialty coffee group’s parent company, JDE Peet’s.