MINNEAPOLIS — Caribou Coffee is undertaking a major expansion effort with the addition of 300 locations. Caribou Coffee is part of the Panera Brands’ portfolio, a business unit of JAB Holding Co., and has approximately 735 locations worldwide.
“Over the past 30 years, Caribou Coffee has refined and elevated the guest experience through an unwavering commitment to quality, as well as strategic investments in innovation,” said John Butcher, president and chief executive officer of Caribou Coffee. “With a shared vision and commitment to Caribou’s core values, we’re thrilled to be further expanding our footprint nationwide alongside such experienced and passionate operators, and we look forward to supporting their success.”
The company plans to add locations in Ohio, Florida, Michigan and throughout Missouri.
To build the locations, the company signed several multi-unit development agreements with Mike Mariola Restaurants for the Ohio locations, Wake up 727 for the Florida locations, Manna Development Group for Michigan, and Mike Hamra and Hamra Enterprises for Missouri.The company also signed a multi-unit development agreement with Covelli Family Limited Partnership that will open 60 locations in Florida. In addition, Covelli Enterprises will open 100 locations across the northern half of Ohio, western Pennsylvania and Florida.