Take Two translates the day’s headlines for Southern California, making sense of the news and cultural events that affect our lives. Produced by Southern California Public Radio and broadcast from October 2012 – June 2021. Hosted by A Martinez.
There is a lot of dough in a cuppa Joe.
The national chain Peet's just bought the relatively small but hip coffee roaster Stumptown for an undisclosed amount. The food and beverage industry is buzzing, because these roasters represent one of the fastest growing and profitable segments in the business: Craft coffee.
Stumptown is part of what's known as the "third wave" of roasters because they take the art and love of coffee beyond where Peet's and Starbucks brought it in the 1990s.
Cory Eldridge, editor of the trade magazine Fresh Cup magazine, explains why coffee drinkers are turning to these craft brews in droves, and how national chains don't want to be left behind.