The Coffee Bean & Tea Leaf (sometimes shortened to simply "Coffee Bean" or "The Coffee Bean") is an American coffee chain founded in 1963. It was previously owned and operated by International Coffee & Tea, LLC based in Los Angeles, California, before it was acquired in 2019 by Jollibee Group, a multinational company based in the Philippines, for $350 million.[3]
As of 2024, the chain has 1,232 stores spread across 24 countries.[4]
History
The company was founded by Herbert Hyman (1931–2014) in September 1963,[5] as a coffee service for offices. His wife Mona (whom he married in 1966) and he honeymooned in Sweden where they discovered quality coffee. This sparked the decision to import, roast and sell gourmet coffee in Los Angeles, opening the first Coffee Bean store in 1968 in the Los Angeles neighborhood of Brentwood. Innovations included selling whole beans and touting their country of origin and allowing customers to observe the beans being roasted and then to sample varieties before making a purchase. Hyman died on April 28, 2014, at the age of 82. He had heart disease.