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The Coffee Bean & Tea Leaf (sometimes shortened to simply "Coffee Bean" or "The Coffee Bean") is an American coffee chain founded in 1963. It is owned and operated by International Coffee & Tea, LLC, which has its corporate headquarters in Los Angeles, California .
Retrieved from "https://en.wikipedia.org/w/index.php?title=The_Coffee_Bean_and_Tea_Leaf&oldid=314004717"
This page was last edited on 4 November 2022, at 14:41 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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On July 24, 2019, Jollibee Foods Corporation purchased The Coffee Bean and Tea Leaf for $650 million.[23] In 2022, John in de Braekt was appointed the Global CEO for The Coffee Bean & Tea Leaf and he currently sits on the leadership team of the Jollibee Foods Corporation.
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In 1976, JoAnne and Julius Shaw began selling specialty coffee to consumers in their first store at Fairlane Town Center [5] in Dearborn, Michigan. [1] [6] As of February 2007, the company had 131 franchise locations in the United States and another 25 in other countries. [3]
The company grew to four locations and became known as "Peet's Coffee and Tea." [11] Peet wanted to bring better coffee to the American market and became known as "the grandfather of specialty coffee." [12] [13] The original location at Vine and Walnut remains open. The second location of Peet's Coffee was in Menlo Park, CA. [14]
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