Starbucks Buys La Boulange for a Cool $100 Million


Photo courtesy of La Boulange.

Burning up the Twitter yesterday was the news that Starbucks bought ~LA BOULANGE CAFÉ & BAKERY~ for $100 million from New World Group (a privately held global investment firm and majority investor of La Boulange). Founder Pascal Rigo is going to be working with Starbucks to develop their menu offerings. “Would you like a palmier with your venti?”

Haighteration chimes in with this piece about the fate of Lower Haight’s Café du Soleil—fortunately the owner, Mustapha Hakkou, just bought out Bay Bread’s stake in the café, and he is now the sole owner. The piece mentions he will continue to carry Bay Bread/La Boulange baked items, however. 200 Fillmore St. at Waller, 415-934-8637.