Just Another Blog
Wednesday, June 12, 2002
 
Caribou Coffee Responds

This is the full text of the reply that I received from Caribou Coffee.
From: Caribou Coffee Customer Care (CustomerResponse@Caribou-Coffee.com)
Subject: Ownership

Caribou is a classic American growth company, founded in Minnesota and now
employing over 2,900 Americans in 9 states. Caribou has approximately 99
shareholders and option holders, including management, employees and the
original founders John and Kim Puckett. A majority of our stock is owned by
a group of international investors led by First Islamic Investment Bank,
E.C., a highly respected and purely financial organization based in Bahrain
and regulated by the government of Bahrain, a strong U.S. ally in the Middle
East and the headquarters of the U.S. Navy's 5th Fleet. The recent
investment by this group has enabled Caribou to continue expanding its store
base in the U.S.

We are extremely concerned about accusations that an outside advisor to
First Islamic has made statements that do not reflect the views of either
Caribou or any of its shareholders, and we categorically reject any attempt
to link such statements to Caribou. The person in question is not an
employee or shareholder of either First Islamic or Caribou, and neither we
nor our shareholders have any control over this person's political views.
We have made First Islamic aware of the statements and understand that this
relationship is under review.

Any concerns that anyone involved in ownership of Caribou condones terrorism
are totally unwarranted. Our ownership has no political agenda and is 100%
opposed to terrorism of any kind, anywhere - period.

Caribou Coffee Company
Well, maybe the bit about blood in the coffee was a bit much then...

Update: See this discussion at Snopes for more information on the relationship between the investment bank owners, the coffee shop, and extremeists.