Caribou Coffee Company is an American coffee company and chain of coffee shops. Caribou Coffee was established in Edina, Minnesota in 1992. As of May 2015, the company had 603 stores worldwide.
Caribou Coffee Background
Caribou Coffee Founder John Puckett decided to become an entrepreneur when he was working as a management consultant at Bain & Company in Boston, helping other companies develop ideas and strategies. After a trip to Denali National Park in Alaska, he and his wife Kim decided to raise money and start a coffee business. His wife stayed with General Motors to work while John moved to Minnesota to find his first location and raise money.
Caribou's original concept was to work five days a week, targeting downtown commuters, mimicking the way Boston works. Puckett signed the lease for the first site, which is located in the large Pillsbury Central office building. Soon after, however, the building's landlord decided not to sign the lease because another of the building's retail tenants had exclusive rights to sell coffee in the building and threatened to sue them. As a result, financing for the store failed because it was tied to that particular location. Puckett chose to start looking for available locations in the suburbs, and the first Caribou coffee shop opened in December 1992 in the Minneapolis suburb of Edina, Minnesota.
In 2003, Michael J. Coles was named CEO of Caribou Coffee.
On September 29, 2005, Caribou was listed on the Nasdaq under the CBOU. CEO Michael J. Coles recalled: “Two years after I took over, we opened 337 stores in 14 states and the District of Columbia. In less than three years, Caribou went from a negative sales growth company to Become a public company. Nasdaq”.
In 2006, Arcapita (formerly First Islamic Investment Bank) was the majority shareholder of Caribou Coffee. In 2002, Yusuf al-Qaradawi's involvement with the bank sparked protests against Caribou Coffee. That same year, al-Qaradawi resigned as chairman of the bank's Sharia committee.
As of 2009, Caribou employed more than 6,000 people.
In December 2012, the company was taken private by German equity firm JAB Holding for $340 million. After the merger, Caribou Coffee will allegedly continue to operate as an independent company with its own brand, management team, and growth strategy, and Caribou will continue to be headquartered in Minneapolis, Minnesota.
In May 2013, Caribou Coffee announced plans to close 80 stores in Ohio, Michigan, Pennsylvania, Washington, D.C., Maryland, Virginia, Georgia, Illinois, and eastern Wisconsin, and over the course of 2013 of 88 stores converted to Peet's Coffee & Tea - 2014. Caribou is in California, Colorado, Georgia, Iowa, Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri, North Carolina, North Dakota, Nebraska, Ohio, Oklahoma, South Dakota, Virginia, Wisconsin, Wyoming, and ten international caribou locations will remain open to markets.
On August 5, 2021, Caribou announced a merger with Panera Bread and Einstein Bros. Bagels to form Panera Brands. On November 8, 2021, four years after going private, Panera Brands filed for an IPO.
At Caribou Coffee, you won't hear us talking about our vision or mission. To us, that's corporate speak. Instead, we talk about aspirations, experiences, and values. We aspire to be The Community Place I Love and we're committed to sharing an Extraordinary Experience that Feeds the Soul. Sound lofty? We don't think so. Our core values keep us grounded and ensure we're able to realize our aspirations and deliver extraordinary experiences each and every day.
Caribou Coffee Story
We are doing our best in order to serve you everything which is the best and the most natural in one of the biggest coffee chains, Caribou Coffee. We are wandering around the world so as to find and bring you coffee beans of the best quality. We are choosing the best coffee beans for you among the hundreds of different ones from many countries. Real chocolate and daily milk are used in our products. Why are we doing all that? It is because we want you to live a unique experience when you come to Caribou Coffee.
Get up one hour earlier tomorrow and live your life one more hour. Wake up, take a deep breath, go out, smile at people, run after your dreams, and appreciate every second of your life! Don't forget that life is too short to repeat the same things. Now make a fresh start! Stay awake in order to live life to the fullest!
Caribou Coffee Company
We are globally competitive and consumer-oriented.
All the shares of the Caribou Coffee brand that were brought to the Turkish market in 2011 mutually by Al-Sayer Family from Kuwait and Yıldız Holding, each having 50% of the shares, will be transferred to Al-Sayer Group as of 2015 pursuant to the agreement reached by the partners.
Thus, the Turkey Office of Caribou Coffee, which is the second-largest coffee chain in the US, will be managed by Al-Sayer Group, the Middle East franchise holder of the brand.
Having penetrated the coffee chain market of Turkey by setting up its first shop in Caddebostan, in December 2011, and holding 40 branches in 10 different cities today with rapid growth, Caribou Coffee aims to have 60 branches until the end of 2016 by sustaining its growth at the same pace.
Our aspiration at Caribou Coffee is to be the Community Place I Love. To help us achieve our aspiration, we created Do Good.
Do Good is one of six company strategies. In 2012, we began publishing our annual Do Good report as a means of providing our guests, consumers, team members, and suppliers with a scorecard of our progress, celebrating our accomplishments, hearing from friends that have helped us along the way, and outlining what we're trying to do differently.
We have worked hard to ensure our guests not only get the highest quality coffee but also the peace of mind that their coffee is sourced in an environmentally, socially, and economically sustainable manner. While coffee is our passion, Do Good also focuses on addressing recycling, water conservation, waste reduction, and energy efficiency in our coffeehouses. When it comes to our local and global communities, the report highlights our giving efforts including volunteering and monetary/product donations.
Frequently Asked Questions About Caribou Coffee
Who owns Caribou Coffee?
Caribou Coffee was acquired in 2012 by the German private-equity company, JAB Holding, by paying 340 million dollars. JAB Holding also owns another big coffee brand, Peet’s Coffee.
Where is Caribou Coffee from?
Caribou Coffee is a coffee company based in the United States of America. It was founded in 1992 in Edina, Minnesota.
Does Caribou have oat milk?
Yes, Caribou Coffee uses a unique nitro technology that is not used by any other coffee shops. Their employees say that a splash of oat milk together with the blackberry sea salt is a heavenly-made combination.
What states have Caribou Coffee?
Nowadays, Caribou Coffee is spread throughout the United States of America. The states in which Caribou has opened at least one location are Colorado, Georgia, Iowa, Illinois. Indiana, Kansas, Michigan, Minnesota, Missouri, North Carolina, North Dakota, Nebraska, Ohio, Oklahoma, South Dakota, Virginia, Wisconsin, Wyoming.
How many Caribou Coffee locations are there?
Caribou Coffee is the second-largest coffee chain in the United States. The company owns 798 locations in 23 states.
Is Caribou Coffee good?
Caribou Coffee's top-notched. They provide only the highest quality coffee from sustainable sources. Only the best-handcrafted coffee is used to fuel the life’s adventures of their clients.
What is Caribou Coffee?
Caribou Coffee is a bakery/coffee chain that was established in Minnesota, in 1992. It began as a small coffee shop that was mainly frequented by workers and which was open from Monday until Friday. It quickly expanded, becoming one of the largest coffee chains in the USA.
When was Caribou Coffee founded?
Caribou Coffee was founded in 1992.
Is Caribou Coffee organic?
Every variety of Caribou coffee consists of 100% RA-certified beans. While this doesn’t particularly mean that the coffee is shade-grown or organic, Rainforest Alliance farms still need to comply with a set of various social, sustainability, and environmental standards.
When did Caribou Coffee start?
Caribou Coffee started in December 1992.
Is Caribou Coffee gluten free?
Not all of Caribou Coffee is gluten-free, but the company provides gluten-free options in their menus.
How to make Caribou Coffee at home?
One of the best beverages you can make using Caribou Coffee is Milk Chocolate Mocha. For this, you will need 3 oz. espresso, 1 ½ cups of milk, 1/3 cup milk chocolate chips, and whipped cream.
The first step is to place the chocolate chips and the milk into a small saucepan. Make sure you use medium heat. After that, you will need to stir frequently until the chocolate is melted. Brew the espresso into the mug and then pour the heated chocolate milk into the mug. Top it off with whipped cream and decorate the product of your work as you choose to.
Is Caribou Coffee a franchise?
Yes, Caribou Coffee is a franchise. The company offers franchise opportunities through the states of the USA. The qualified parties will help Caribou Coffee in their mission to bring hand-crafted beverages and day-making moments in their respective regions.
Where is Caribou Coffee roasted?
All Caribou Coffee beans are roasted in Brooklyn Center, Minnesota.
How much caffeine is in Caribou Coffee?
Caribou Brewed Coffee contains around 19.06 mg of caffeine per fl oz or 64.46 mg per 100 ml, thus a cup of 16 fl oz has a total of 305 mg of caffeine.
Is Caribou Coffee fair trade?
The company announced that it will switch from Fair Trade to Rainforest Alliance. Caribou Coffee is committed to only buying coffee that is grown under sustainable farming practices that are developed by RA. As opposed to Fair Trade which mainly focuses on economic equality, Rainforest Alliance is prioritizing environmental protection.
Are Caribou Coffee cups recyclable?
Yes, all tops and cups from Caribou are 100% recyclable. Unfortunately, the company still hasn’t provided a convenient way for customers to do that. Their paper cups that are used for hot drinks are also 100% compostable.
What is the best drink at Caribou Coffee?
The four drinks everyone should try from Caribou Coffee are Campfire Mocha (tastes like winter), Caramel High Rise (a pleasant taste of caramel), Turtle mocha, and Mint Condition Mocha.
What syrup does Caribou Coffee use?
Caribou Coffee only uses clean label syrups. The fan-favorite is the vanilla syrup which is made of pure cane sugar, natural vanilla flavor, water, and Madagascar vanilla bean extract.
How is Caribou Coffee decaffeinated?
Caribou Coffee is decaffeinated by using water. This way the beans preserve 100% of the original coffee’s flavor.