^ "Starbucks Closes Teavana Acquisition" (Press release)."Teavana Reaches Settlement With Shareholders Over Starbucks Deal". "Starbucks Shutters All 379 Teavana Stores". "The Iconic Stores You Grew up With That Are No Longer Around".
^ SanSone, Arricca Elin Frere, Jackie (). ^ a b Allison, Melissa (December 31, 2012). Tazo, another tea brand, formerly owned by Starbucks. On April 1, 2015, Teavana joined the Ethical Tea Partnership (ETP), an initiative that ensures ethical production and distribution of tea products, by "factory health and safety, safe use of agrochemicals, human resource management, and environmental management." The ETP also monitors for issues that cannot be tracked with audits and certification, such as discrimination and living conditions of the workers. Teavana and Starbucks also have a program to assist employees in enrolling with Arizona State online classes through their College Achievement Plan. to further support youth education and mentorship. In result of the partnership, Teavana then partnered with the New York-based organization Girls, Inc. Teavana and Starbucks have raised $5M in support of education for young people with the chai tea. For every sale of Oprah Chai Tea products, Starbucks would make a donation to the Oprah Winfrey Leadership Foundation Academy, which supports youth education and funds the Oprah Winfrey Leadership Academy for Girls in South Africa. In April 2014, Starbucks and Teavana collaborated with Oprah Winfrey to develop a tea called Teavana Oprah Chai Tea, along with additional tea accessories. Teavana also sold all-natural rock sugar (non-GMO beet sugar) sourced from Belgium. In addition to loose tea, Teavana sold teaware products, including cast iron Tetsubin teapots, Bone China teapots, Japanese porcelain teapots and cups, stove-top kettles, electric kettles, milk frothers and automatic tea makers (produced by Australian company Breville), Japanese hot water dispensers and electric tea makers (produced by Zojirushi), tea measures, tea infusion and steeping wares such as the Teavana 'Perfectea Maker', contour tumblers, and tea infuser mugs. Teas were offered in several formats, such as loose-leaf tea, pre-filled tea tins, and tea sachets, or brewed as a to-go beverage. Teavana retail stores had previously offered various blends of each type of tea, and frequently promoted cross-blending different types of tea. Teavana previously offered loose-leaf teas and herbal infusions, with tea categories such as: white, black, green, flavored & scented green, "blooming" white, flavored & scented black, oolong, and pu-erh teas, along with rooibos, herbal, organic matcha green tea, blooming tea, and Yerba Maté infusions. 
Accessories for tea-drinking, such as cups and pots were also available in the stores.
#Teavana tea box free#
Prior to the closure of all of their storefront locations, Teavana's retail stores were usually located in upscale shopping malls and designed to be "part tea bar, part tea emporium." Individual cups of tea to go were offered for sale, and the retail locations offered free samples of various tea blends and tea varieties at their front door and within the store. Teavana currently offers hot tea sachets and premade iced tea which are sold at Starbucks locations, as well as at supermarkets and external retailers where tea is sold. However, on January 18, 2018, Simon and Starbucks reached an agreement that would close the remaining 77 Teavana stores in Simon malls, ending the tea shop's existence as independent storefronts after nearly 21 years in business. On SeptemCadillac Fairview sued Starbucks over Teavana closures in Canada. mall operators, demanded Starbucks keep running the Teavana shops located in its malls, arguing in part that their closing would reduce traffic to surrounding stores and in December 2017 a judge ruled in Simon's favor. Simon Property Group, one of the largest U.S. On July 27, 2017, Starbucks announced it would close all 379 Teavana stores by 2018, partly due to underperformance. The acquisition of Teavana by Starbucks was formally closed on December 31, 2012. Three class-action lawsuits were commenced by shareholders of Teavana concerning the Starbucks buyout these were settled on Decem(subject to court approval). In late 2012, Starbucks stated that it would pay $620 million in cash to buy the company. Their idea was inspired by a road trip, noticing the gravitation of Americans towards fine wines and coffees in the United States. Mack, and his wife, who invested their life savings into the business. Teavana was started in Atlanta, Georgia in 1997, with the opening of a teahouse at Phipps Plaza. The New York Stock Exchange on July 28, 2011, when Teavana had its initial public offering, which raised roughly $121 million.
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