The following video is from Tuesday's MarketFoolery podcast, in which host Chris Hill, along with analysts Jason Moser and Bill Barker, discuss the top business and investing stories of the day.
Several months ago, the Benckiser Group acquired Caribou Coffee for $340 million. On Monday, Caribou Coffee said that it's closing 15% of locations in the United States and converting another 20% into Peet's Coffee & Tea (UNKNOWN:PEET.DL) stores, which is also owned by Benckiser Group. In this installment of MarketFoolery, our analysts discuss these companies, as well as the continuing raging coffee wars among Starbucks (NASDAQ:SBUX), Dunkin' Brands' (NASDAQ:DNKN) Dunkin' Donuts, and Panera Bread (NASDAQ:PNRA.DL).
The relevant video segment can be found between 8:18 and 17:00.