Caribou Coffee will close 80 underperforming stores and rebrand another 88 Caribou outlets to Peet’s Coffee & Tea, just five months after the company was purchased by a German firm for $340 million.
The company has two Caribou stores in the Toledo area. An employee at the 6975 W. Central Ave. location in Sylvania Township said that store would close. An employee at the Westfield Franklin Park location in Toledo would not comment on the future of that store.
A Cincinnati TV station reported that local Caribou employees were told Friday night that all Ohio Caribou stores would be closing.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.