In 1984, the original owners of Starbucks, led by Jerry Baldwin, purchased Peet's. During the 1980s, total sales of coffee in the US were falling, but sales of specialty coffee increased, forming 10% of the market in 1989, compared with 3% in 1983.
IAU redirects here. For other uses, see IAU (disambiguation) . The International Astronomical Union (IAU; French: Union astronomique internationale, UAI) is a collection of professional astronomers, at the PhD level and beyond, active in professional research and education in astronomy.
BREAKING DOWN 'IOU'. Due to the informality of IOUs, those issuing the IOU are given free reign when writing and issuing it. Criteria, such as time, date, interest and payment type, are not mandatory but may be implied. The term IOU is an abbreviation, in phonetic terms, of I owe you.. Example.