Freeman Spogli takes majority stake in Philz Coffee

Freeman Spogli agreed to acquire a majority stake in Philz Coffee. This partnership makes sense because Freeman Spogli has deep experience in restaurants like El Pollo Loco, Popeyes, and First Watch, which helps Philz open new stores while keeping its unique handcrafted coffee focus. Philz picks Freeman for their track record in consumer growth and collaborative style, especially as the company plans more cafes over the next two years without closing any locations. Customers and staff benefit from job security, same pay and benefits, promotion paths, and even thank-you bonuses. The deal supports Philz's mission by funding expansion in the specialty coffee market, where demand for personalized brews remains strong. It builds on a decade of private equity support, positioning the brand for U.S. growth and potential wholesale/digital gains.

By taking control of Philz Coffee, Freeman Spogli continues its expansion strategy. Previously, the group had completed 2 acquisitions, including Evervet Partners in 2022.