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Teavana Corporation was an American tea company, which previously had locations throughout the United States, Canada, Mexico, and the Middle East. [1] Starbucks acquired Teavana in 2012, and in 2017, Starbucks announced it would close all Teavana locations by 2018. As of 2022, a very limited variety of Teavana products continue to be sold at ...
The company was purchased by Starbucks in 1999 for $8.1 million. [3] Starbucks opened the first Tazo-branded tea shop in November 2012. [4] It closed a year later and was converted into a Teavana store. [5] In November 2017, Starbucks sold Tazo to Unilever for $384 million. [6]
In 2012, the chain forked over $620 million in cash for the tea line -- but now the company says it may be time to say goodbye.
In January 2015, Starbucks began to roll out Teavana teas into Starbucks stores, both in to-go beverage and retail formats. [290] Starbucks shut down Teavana in early 2018. [ 291 ] [ 292 ]
The Motley Fool owns shares of Starbucks and Teavana Holdings and has the following options: long DEC 2012 $16.00 puts on Green Mountain Coffee Roasters, short DEC 2012 $21.00 calls on Green ...
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The drink was a predecessor to the Starbucks Frappuccino. [11] In 1991, when it was first planning to expand into Los Angeles, Starbucks tried to purchase the firm, but Hyman turned them down. The opening of Starbucks stores in Los Angeles unexpectedly helped Coffee Bean's business, by driving curious customers to the area. [12]
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