Freeman Spogli has acquired Philz Coffee for $145 million, aiming to leverage its expertise for the brand's growth across the U.S.

Information on the Target

Philz Coffee, a well-established coffee chain founded in San Francisco, has garnered a dedicated following through its artisanal, pour-over coffee preparation and commitment to community engagement. With 77 locations across the United States, the brand has set itself apart by emphasizing personalized customer experiences and high-quality products. The company's current CEO, Mahesh Sadarangani, has led Philz since 2021 and aims to continue building on its successful growth trajectory.

The company is poised for further expansion, as evidenced by its strategic plans to open new stores over the next 24 months, ensuring that the brand remains a relevant and highly sought-after choice for coffee enthusiasts across the nation.

Industry Overview in the Target’s Specific Country

The coffee shop industry in the United States has seen robust growth over the past few years, driven by increasing consumer demand for unique and high-quality coffee experiences. As of 2025, the i