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Bettie

(19,759 posts)

12. Well, in doing that he made some customers feel unwelcome

Reply to BlueWaveNeverEnd (Original post)

Thu Apr 9, 2026, 03:37 PM

Thursday

probably customers who went out of their way to go there, because of that feeling of being welcomed.

But, I think this explains it all: In 2025, however, the company made headlines when private equity firm Freeman Spogli & Co. bought it for $145 million — and when dozens of employees who invested in the company early on lost their stock options as a result. Today, it operates over 60 locations throughout the state, with shops as far south as Orange County and the Inland Empire.

Private equity never makes anything better.

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Highlight:

Philz coffee chain, founded in SF, removes Pride flags to make customers feel more welcome [View all] BlueWaveNeverEnd Thursday OP

I believe what you do more than what you say Mahesh ....you are saying you do not support LBGTQIA+ JT45242 Thursday #1

I'm pretty sure he's gonna lose money...................... Lovie777 Thursday #2

And possibly close.. agingdem Thursday #7

Today's featured flavor: Bitter Brownshirt Blend Blue Owl Thursday #3

Served with a pair of jackboots... B.See Thursday #8

.. BlueWaveNeverEnd Thursday #10

The ONLY people who could conceivably feel "more welcome" are Christian Nationalists, bigots, racists, and homophobes. pat_k Thursday #4

phuck phil spanone Thursday #5

So, their idea of "inclusion" is B.See Thursday #6

Private equity acquired them last year. Coincidence? Coventina Thursday #9

Private equity will run it into the ground anyway. Laffy Kat Thursday #17

Well, that's it then. Iggo Thursday #11

Well, in doing that he made some customers feel unwelcome Bettie Thursday #12

Agree with Coventina. Philz was sold. usonian Thursday #13

I feel private equity has ruined the character and product of so many local businesses Ilikepurple Thursday #15

Customers remove Philz coffee... lame54 Thursday #14

At least two of the companies mentioned, Boot Barn and El Pollo Loco, mwmisses4289 Thursday #16

El pollo loco is all over california BlueWaveNeverEnd Thursday #18

I'm in texas. mwmisses4289 Thursday #20

According to commenters on bay area subreddits they were bought out by a private equity firm and the coffee was always.. AStern Thursday #19