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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 ...
Starbucks serves hot and cold drinks, whole-bean coffee, micro-ground instant coffee, espresso, caffe latte, full and loose-leaf teas, juices, Frappuccino beverages, pastries, and snacks. Some offerings are seasonal or specific to the locality of the store. Depending on the country, most locations provide free Wi-Fi Internet access.
11 Indonesia. 12 Ireland. 13 Israel. 14 Japan. 15 Kenya. 16 Malaysia. 17 Nepal. 18 Netherlands. 19 New Zealand. ... Teavana (owned by Starbucks) The Republic of Tea ...
Starbucks acquired Teavana for an aggregate acquisition price of approximately $620 million in cash and is expecting the acquisition to be accretive to earnings by approximately $0.01 per share in ...
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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.
Under Johnson, Starbucks acquired 100% of its East China joint venture for $1.3 billion. He also closed Teavana stores and the e-commerce unit, and sold Tazo to Unilever for $384 million. [28] Analyst commentary on his first year was mixed.