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#922522 - 08/19/17 05:27 AM Re: Teavana shutting down!!! [Re: mary-tea1]
Angie Offline
Elephant

Registered: 04/18/02
Posts: 4829
Mary, was their plan to buy it and shut it down? They should try to find a buyer who specializes in Tea. They were pursuing sales in China. Will they now shut all those shops down there too or just here.
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Angie
Life is Full of Surprises

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#922524 - 08/19/17 05:33 AM Re: Teavana shutting down!!! [Re: mary-tea1]
Angie Offline
Elephant

Registered: 04/18/02
Posts: 4829
Mary, here is an article - seems they buy the brand; keep the manufacturing facility but close the retail outlet; sell the product at Starbucks coffee shops or grocery Starbucks and their Acquisitions .
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Angie
Life is Full of Surprises

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#925058 - 12/11/17 01:07 PM Re: Teavana shutting down!!! UPDATE!! [Re: Angie]
mary-tea1 Offline
BellaOnline Editor
Koala

Registered: 02/29/08
Posts: 2301
Dear Tea Readers,

A superior court judge in Indiana has blocked Starbucks from closing at least 77 Teavana Stores! The location of the injunction are malls currently in Indiana where Simon, the largest shopping mall operator in America is based.

This injunction is only temporary, but the Mall owners are claiming that if Starbucks shuts all of the Teavana stores at once they will suffer a great loss as mall owners financially.

Starbucks says Teavana is a losing investment and claim that keeping them open will cost them 100's of millions!


More to come.....


Mary Caliendo
Tea Editor
_________________________
Mary Caliendo
Tea Editor
Tea Forum

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#925061 - 12/12/17 01:50 AM Re: Teavana shutting down!!! UPDATE!! [Re: mary-tea1]
Angie Offline
Elephant

Registered: 04/18/02
Posts: 4829
I have often wondered if Starbucks purchased this investment to shut it down. Why didn't they try to sell the franchise instead of closing it down? I really wish that these large corporations would be dismantled and spun off into small entities rather than a few companies owning everything.
_________________________
Angie
Life is Full of Surprises

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#925084 - 12/13/17 06:55 AM Re: Teavana shutting down!!! UPDATE!! [Re: Angie]
mary-tea1 Offline
BellaOnline Editor
Koala

Registered: 02/29/08
Posts: 2301
Dear Angie,

I'm not sure. I really think that Starbucks thought that they'd get more foot traffic when in all actuality fewer people are going to malls unless it is for specialty goods, foods, and services.

I think they sure could've advertised more such as with they do they Starbucks app., etc. Tea drinkers could've formed the rewards as the coffee account holders do. We'll see what happens here, perhaps they'll get more creative to keep them open and profitable.

Thanks for reading!

Mary Caliendo
Tea Editor
_________________________
Mary Caliendo
Tea Editor
Tea Forum

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#925097 - 12/13/17 03:27 PM Re: Teavana shutting down!!! UPDATE!! [Re: mary-tea1]
Katherine - Natural Living Offline

Newbie

Registered: 04/27/17
Posts: 22
Thanks for clearing this up. I loved Teavana and ever since this switch, I've not visited. Something didn't seem right ... I didn't even realize Starbucks had bought it.
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Katherine Tsoukalas
Natural Living Editor

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