CHICAGO (MarketWatch) — Peet’s Coffee & Tea is taking a majority stake in Chicago-based Intelligentsia. The co-founders of the gourmet coffee roaster and retailer are to retain “a significant stake,” according to a news release. Intelligentsia was established in 1995 and, in addition to its roasting and wholesale operations, has 20 coffee bars, six of them in Chicago and others in Los Angeles and New York. Peet’s, based in the San Francisco Bay Area, is controlled by Luxembourg-based JAB Holding Co. and just earlier this month inked a deal to acquire Stumptown Coffee Roasters of Portland, Ore.
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