Starbucks Finals Teavana Acquisition
January 02, 2013
Seattle-base Starbucks Corp. has formally closed its acquisition of Teavana Holdings Inc. The tea retailer is now a wholly-owned subsidiary of Starbucks and the newest addition to its emerging brands portfolio, which also includes Evolution Fresh, La Boulange, Seattle’s Best Coffee and Tazo. Starbucks acquired Teavana for an aggregate acquisition price of approximately $620 million.