Global coffee giant JDE Peet's says it has signed memorandums of understanding (MOUs) with at least four coffee-producing countries related to a new deforestation-free coffee initiative.
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Minnesota-based Caribou Coffee is licensing its brand in consumer packaged goods and foodservice to multinational coffee roasting and distribution giant JDE Peet's in a deal worth approximately $260 million, according to the companies.
JDE Peet s has acquired the Brazilian coffee and tea business from JAV Group for an undisclosed amount in cash, which was first announced on July 24, 2023, according to a press release. Maratá s coffee and tea business is predominantly present…