Is This Starbucks' Newest Rival?

By Chris Hill – Dec 17, 2012 at 6:47PM

NASDAQ: SBUX

Starbucks

Market Cap

$99B

Today's Change

(-1.02%) -$0.91

Current Price

$87.84

Price as of April 25, 2024, 4:00 p.m. ET

One European conglomerate is buying up coffee chains. Is it a threat to Starbucks?

The following video is from Monday's MarketFoolery podcast, in which host Chris Hill, along with analysts Joe Magyer and Jason Moser, discuss the top business and investing stories.in

The Benckiser Group, a German conglomerate, is buying Caribou Coffee (NASDAQ: CBOU), and the news sent Caribou shares up 30%. The acquisition comes shortly after the group purchased Peet's Coffee & Tea (NASDAQ: PEET). In this segment, the guys discuss whether the conglomerate approach is a threat to Starbucks' (NASDAQ: SBUX) market share, and what the strategy might be for the Benckiser Group from here.

Joe Magyer has no positions in the stocks mentioned above. Chris Hill and Jason Moser own shares of Starbucks. The Motley Fool owns shares of Starbucks and has options on Green Mountain Coffee Roasters and Starbucks. Motley Fool newsletter services recommend Green Mountain Coffee Roasters and Starbucks. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.