In November of 2012, Starbucks announced it would buy Teavana, the Nirvana of specialty tea chains. In much the same way that ...
The new owner is an LLC affiliated with former Teavana creators and owners, Andrew and Nancy Mack. They sold Teavana to Starbucks for a reported $620 million in 2012. The seller, Robert Pereira ...
When Starbucks announced last week that the company plans to close all 379 of its Teavana stores, it was easy to call the company's 2012 acquisition of the tea chain for $620 million a failure.