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Caribou Coffee, JDE Peet’s partner to expand coffee portfolio

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The coffeehouse said the agreement was valued at $260 million, and includes the transfer of Caribou’s roasting operations in Minnesota and its foodservice contracts.

BROOKLYN CENTER, Minn. — Editor’s note: The video above first aired on KARE 11 in November 2023.

The caffeine-lover’s Midwestern cult-favorite Caribou Coffee announced a deal to license its brand to beverage company JDE Peet’s Friday, essentially handing over its roasting, marketing and distributing operations.

A statement from the coffeehouse said the agreement was valued at $260 million, and includes the transfer of Caribou’s roasting operations in Minnesota, as well as its office coffee and foodservice contracts. Caribou said the deal is “mutually beneficial,” allowing it to focus on “its core popular retail coffeehouse business,” while JDE Peet’s will help expand its efforts outside its coffeehouses and across North America.

The deal is expected to close, subject to typical closing conditions, in the first quarter of this year.

“This transaction validates the success of multiple business platforms our team has built over the last several years, and JDE Peet’s has the right resources, expertise and team to continue its growth trajectory,” said John Butcher, president and CEO of Caribou Coffee, in a statement. “At the same time, the transaction will leave Caribou Coffee in a stronger position to do what we do best: providing guests with delicious products served alongside an award-winning customer experience.”

JDE Peet’s also released a statement, saying the company is “delighted” to enter into the partnership.

“Caribou is an iconic brand with outstanding facilities and we will complement its strong brand equity with JDE Peet’s’ distribution and innovation capabilities to strengthen our presence and serve more coffee lovers in the largest coffee market in the world,” said Fabien Simon, CEO of JDE Peet’s, in a statement.

Minnesota-based Caribou Coffee currently has more than 800 locations in 11 countries, a significant growth since the opening of its first location in Edina in 1992.   

With its new partnership, Caribou said it does not expect the need for store closures or staff layoffs. 

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Watch the latest local news from the Twin Cities and across Minnesota in our YouTube playlist:

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Preview: ‘The Stories From My Grandmother’s Hands’

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MINNEAPOLIS — How much do you know about your grandma’s upbringing? 

“The Stories From My Grandmother’s Hands” is a book that aims to show young Black children how their grandmas lived through beautiful illustrations and descriptions. 

KARE 11 News at Noon shared more on Thursday about the impact that this book will have. 



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Pumpkin display hopes to raise money for food shelf

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Gary Peterson and his friends are collecting donations to help people in their community.

ST. LOUIS PARK, Minn. — A St. Louis Park pumpkin display is raising money for their local food shelf.

Gary Peterson started carving and painting three pumpkins over a decade ago. It’s now grown to over 100.

“I’ve heard people say they’ve come from Hutchinson,” he said.

Peterson along with two of his neighbors have spent the last 14 years growing their display, turning it into a neighborhood event.

“It’s been incredible, I just can’t believe how much this has expanded,” he said. “We did it just because we like to and then people were asking to give us money to cover the cost.”

The trio refused to take people’s money, but then one of them had an idea.

“My neighbor, Steve Leensvaart, just mentioned how about we just do it for the STEP program and the STEP program is our local food shelf in St. Louis Park,” he said.

So, they started to collect donations to help families in need. They’ve raised hundreds of dollars and donated hundreds of pounds of food over the last few years, carving for a cause.

“It is more gratifying every year,” Peterson said.

He estimated they have over 100 unique pumpkins in their yard. They’ve created the displays and come up with new family-friendly concepts for people to enjoy. Peterson said about 30 of their neighbors carved their own pumpkins to be put on display, and it’s been a big hit.

“It’s great. In the last couple of years, it’s turned into more of a neighborhood event,” said Sarah Durch.

“We love this Halloween display, we come every year to see it. We love that the whole community gets involved to craft and carve the pumpkins,” said Jami Gordon-Smith.

“The shading and the details are unbelievable,” said Elizabeth Hanson.

Hanson hopes to take her 2-year-old son trick or treating for the first time but is worried the cold temperatures might keep them indoors.

“We’re going trick or treating hopefully,” she said. “He’s going to be a firefighter, but we’re probably going to have sweatshirts maybe like two pairs of sweatpants underneath. We’re going to be bundled up.”

Gordon-Smith said her family will be out Halloween night no matter the weather.

“Halloween only comes once a year, so you really have to take advantage and enjoy the evening no matter what the weather brings,” she said. “Guess it’s not totally unheard of in Minnesota to have a cold Halloween, but we are going to try and modify and do a lot of layers underneath our costumes and then we might add some hats and maybe some warmer socks.”

Durch also isn’t surprised they’re in for another chilly night.

“Well, what would Halloween be without Minnesota cold? I feel like every time you plan a costume you have to plan for how you can make this work if it’s snowing,” she said.

Peterson said they will have a bonfire and some hot chocolate and cider on Halloween to keep trick-or-treaters warm while they look at their pumpkins.

Click here to learn where you can see the pumpkins and how you can donate.



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Search continues for Bemidji missing person

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Jeremy Jourdain was 17 when he was last seen on Halloween 2016.

BEMIDJI, Minn. — The search for Jeremy Jourdain, who was last seen on Halloween in 2016, continues now eight years later. 

Jourdain was last seen at a family member’s house in Bemidji, according to the U.S. Department of the Interior Indian Affairs. He left the residence near the 500 block of Wood Avenue after midnight and while people followed him, no one was able to find him. 

Jourdain was 17 at the time.

Officials said he was wearing a blue and grey sweatshirt, and blue jeans when last seen. He is Native American and is described as 6 foot 5 and 175 pounds. 

If you have any information on his whereabouts, you can contact the Bemidji Police Department at (218) 333-9111. Tips can also be sent to 1-833-560-2065, or you can email ojs_mmu@bia.gov.



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