Caribou Coffee Company Inc. is closing and rebranding more than 150 units after a review of its business strategy, the company said Monday. The newly private coffeehouse chain will reduce its system size by 168 locations, virtually exiting the Chicago and Washington, D.C., markets and six other states. The move will bring the chain to 468 units across eight states and 10 international markets. In a statement released Monday, president and chief executive Mike Tattersfield said 80 ...
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Contact: Desiree Torres Desiree.Torres@penton.com