MINNEAPOLIS, MN - Caribou Coffee Company Inc. announced earlier this week that it is expanding its retail and commercial presence in Chicago as it partners with Jewel-Osco, the city€™s largest grocery chain.
As part of the new partnership, Caribou opened its first coffeehouse within a Jewel-Osco Chicagoland store last week and plans to open two additional stores in the area in the near future, with five more in 2013. Caribou will offer its signature coffeehouse as well as introduce its premium-packaged coffee throughout the Jewel-Osco network.
"With the introduction of Caribou's partnership with Jewel-Osco, our goal is to provide Chicagoans convenient access to Caribou's best-in-class, premium coffee products, paired with a comfortable, warm and welcoming coffeehouse setting," said Mike Tattersfield, president and CEO of Caribou Coffee. "This is a significant partnership for Caribou, as it allows us to expand our distribution in one of our key markets and accelerate Caribou's growth among diverse business units in partnership with Chicago's market-leading grocery chain."
The Jewel-Osco partnership is a key move for Caribou as it seeks multi-channel growth. It plans to further expand among grocery and mass merchandise retailers across the country.