date:Nov 21, 2012
Starbucks Corporation last week purchased Teavana in a deal worth $620 million, signalling in yet another move that the company is serious to grow its business beyond coffee. Starbucks has already acquired Evolution Juice and La Boulange bakery chain for $30 million and $100 million respectively in the last twelve months.
Teavana currently has 300 shopping mall locations where it sells high-end loose tea leaves. Starbucks eventually plans to open tea bars under this brand name which will sell p