Teavana shares jumped by $5.32, or 52.5 per cent, to close at $15.45. Starbucks shares fell $1.47, or 2.9 per cent, to $48.84.

NEW YORK—Starbucks plans to shutter all its Teavana stores as it seeks to improve sales at its namesake coffee stores. The company said Thursday it will close all 379 Teavana locations over the ...

The Seattle-based corporation acquired the U.S. tea company, known for its loose-leaf, exotic blends, for an estimated value of $620 million in December 2012.

Starbucks plans to shutter all its Teavana stores, including its 54 locations in Canada, by next spring as it seeks to improve sales at its namesake coffee stores.

It’s not tea time for enough people for Starbucks’ taste. The coffee chain announced on Thursday that it was closing all 379 of its Teavana stores, saying that the mall-based chain’s ...

Teavana offers more than 100 varieties of premium loose-leaf teas, as well as authentic artisanal teawares and other tea-related merchandise. It has a network of some 300 company-owned stores and its ...

When it was bought by Starbucks, Teavana had about 300 stores in the United States, Mexico, Canada and Kuwait that sold loose-leaf, exotic teas.

NEW YORK — Starbucks plans to shutter all its Teavana stores, including its 54 locations in Canada, by next spring as it seeks to improve sales at its namesake coffee stores. The first Teavana stores ...

The Seattle-based company said Wednesday that it will pay $620 million in cash to buy Teavana Holdings Inc., which sells high-end loose leaf teas in 300 shopping mall locations.