Business & Tech

Caribou Coffee in Barrington to Close

Caribou Coffee closing underperforming stores.

The Barrington Caribou Coffee, which just opened last summer as a kiosk at will close this Sunday, April 14, at noon, according to a store employee.

The Barrington store is among 80 Caribou Coffee stores that will close nationwide.

 The Minneapolis-based chain was taken private in a $340 million deal with Joh. A. Benkiser, a German investment company, this year, according to the Chicago Tribune.

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The new owner will close 80 stores, and convert another 88 into Peet's Coffee & Tea.  

The Long Grove Caribou, which just opened in December, is one of the coffee shops which will remain open and convert to a Peet's, according a store employee.

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