Stumptown Coffee
 |
|
| Subsidiary | |
| Industry | Coffee |
| Founded | 1999 |
| Founder | Duane Sorenson |
| Headquarters | Portland, Oregon |
| Products | Coffee |
| Owner | JAB Holding Company |
| Parent |
Peet's Coffee & Tea (2015–present) |
| Website | www |
Stumptown Coffee Roasters is a coffee roaster and retailer based in Portland, Oregon, United States. The chain's flagship cafe and roastery on SE 45th and Division opened in 1999. Three other cafes, a roastery and a tasting annex have since opened in Portland as well as two locations in Seattle, two in New York, one in Los Angeles, and one in New Orleans. In August 2012, the company moved its headquarters to a building in Portland's Central Eastside Industrial District. On October 6, 2015 it was announced that Peet's Coffee was buying Stumptown. Peet's Coffee is itself a part of JAB Holding Company of Luxembourg, owners of coffee companies Caribou and Jacobs Douwe Egberts, as well as luxury brands such as Jimmy Choo. It is expected that Stumptown will benefit from Peet's expertise at logistics as the company grows larger.
The business practices and quality standards of Stumptown Coffee Roasters have led to them being recognized as having "revolutionized the coffee business" and helped "refine coffee drinkers' palates" in Portland. Founder Duane Sorenson and Stumptown Coffee Roasters have been credited as being part of the third wave of coffee movement.
Sorenson, and his employees, in pursuit of the best quality coffee spends considerable time visiting farms in person and is willing to pay high prices for coffee he deems worthy—occasionally three or four times the fair trade price. He once set the record for highest price ever paid for coffee beans. Sorenson is known for forming lasting relationships with coffee producers.
The owner has offered atypical perks to his employees such as paying for a compilation album to be produced of their various bands, and hiring a full-time on-staff massage therapist. They have received numerous awards, including Roaster of the Year 2006.
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Wikipedia