Peet's Coffee Closes 5 Stores in Southern California

Closures come as parent company Keurig Dr Pepper acquires European owner JDE Peet's in $18 billion deal.

Feb. 3, 2026 at 8:55pm

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Peet's Coffee has closed five locations in Orange and Los Angeles counties as part of a broader effort to cut costs. The closures come after Keurig Dr Pepper, the soft drinks giant, announced it would acquire JDE Peet's, the European parent company of Peet's Coffee, in an $18 billion deal.

Why it matters

The Peet's Coffee closures reflect broader challenges facing the coffee industry, including increased competition from larger chains, rising costs, and the economic impacts of the COVID-19 pandemic. The acquisition of Peet's by Keurig Dr Pepper also signals ongoing consolidation in the coffee and beverage sectors.

The details

Peet's Coffee closed five locations in Orange and Los Angeles counties, though the company did not specify which individual stores were shuttered. The closures are part of a broader cost-cutting effort by Peet's, which is owned by JDE Peet's. The European parent company is being acquired by Keurig Dr Pepper, the maker of Dr Pepper soda and Keurig coffee brewers, in an $18 billion deal.

  • Peet's Coffee recently closed the five locations in Orange and Los Angeles counties.
  • Keurig Dr Pepper announced it would acquire JDE Peet's, Peet's Coffee's parent company, in February 2026.

The players

Peet's Coffee

A specialty coffee company founded in Berkeley, California in 1966 and known for its dark roast blends.

Keurig Dr Pepper

A major American beverage company that owns brands like Dr Pepper, Snapple, and Keurig coffee brewers.

JDE Peet's

The European parent company of Peet's Coffee, which is being acquired by Keurig Dr Pepper in an $18 billion deal.

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What’s next

The $18 billion acquisition of JDE Peet's by Keurig Dr Pepper is expected to close in the coming months, pending regulatory approval.

The takeaway

The Peet's Coffee closures highlight the ongoing challenges facing the coffee industry, including increased competition, rising costs, and the lingering effects of the pandemic. The acquisition by Keurig Dr Pepper also signals further consolidation in the beverage sector as larger players seek to expand their portfolios.