Peet’s to buy Intelligentsia Coffee, augmenting challenge to Starbucks

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SEATTLE — Still showing a hearty appetite after gobbling up Stumptown, Peet’s Coffee & Tea said Friday it is buying a controlling stake in Intelligentsia Coffee, also a prominent standard-bearer of hipster coffee culture. Peet’s, founded in Berkeley, Calif., by Dutch immigrant Alfred Peet, was key in introducing gourmet coffee in the 1960s to an America…

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