Starbucks, which bought Tazo about 18 years ago for $8.1 million, said it wants to focus on its Teavana tea brand. Although Starbucks has been shutting down stand-alone Teavana stores, it still ...

Starbucks Corporation (SBUX) recently announced the closure of its previously-announced deal to acquire Atlanta-based Teavana Holdings, Inc. (TEA), a specialty retailer of tea, for approximately ...

Starbucks Corp.’s plan to close all 379 of its Teavana-branded tea retail stores by spring 2018 is creating opportunity for tea purveyors, such as DavidsTEA and Murchie’s Tea & Coffee, which ...

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.

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.