Caribou Coffee Co. acquired by private investment firm
Minneapolis — Investment firm Joh. A. Benckiser Group agreed to acquire Caribou Coffee Co. for approximately $340 million.
Caribou will continue to be based in Minneapolis and operate under its own brand and management, the companies said in a statement. As of September 30, 2012, the company had 610 coffeehouses, including 202 franchised locations, in 22 states, the District of Columbia and 10 international markets.
“We anticipate the next chapter in Caribou’s journey will be filled with tremendous opportunities to grow this great brand, with new ownership,” said Michael Tattersfield, president and CEO of Caribou.
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Vitamin Shoppe to acquire Super Supplements
North Bergen, N.J. — The Vitamin Shoppe announced that it has entered into a definitive agreement to purchase the assets of Super Supplements, a specialty retailer of vitamin, mineral and supplements for approximately $50 million.
Super Supplements, headquartered in Seattle, operates 31 stores in Washington, Oregon, and Idaho. The acquisition expands the Vitamin Shoppe’s presence in the Pacific Northwest where it currently operates 17 stores.
Office Depot adds PayPal to online payment options
Boca Raton, Fla. — Office Depot has added PayPal to its selection of online payment options, giving customers a secure way to pay for purchases.
Using PayPal on the chain’s website simplifies the online checkout process by providing shoppers with a quick and secure option to pay for purchases without sharing financial information, Staples said.
PayPal can also help shorten the time needed to checkout as customers do not need to type the billing and shipping addresses or financial information that it is already stored securely in their PayPal account.