The Intertwined History of Peet’s and Starbucks Few people realize that the owners of Peet’s once owned Starbucksand that the Starbucks we know today was created when Howard Shultz (Starbucks current Chairman, then a disgruntled executive) bought out the original Starbucks owners (who then purchased Peet’s) after a dispute as to whether or not to include espresso bars in their coffee bean stores.  … Read more