Peet's Coffee shutters several Bay Area shops after Keurig Dr Pepper acquisition

Peet's Coffee is closing multiple Bay Area locations by the end of January 2026 after being acquired by Keurig Dr Pepper, including spots in Berkeley, Castro, Polk Street, and Cole Street. The company says closures align with long-term growth priorities amid market conditions, while employees and customers react with disappointment; the union is seeking meetings to support affected workers and coordinate transfers where possible.