tazo

Starbucks Read the Tea Leaves Right on Its Teavana Acquistion

Teavana Holdings' final quarterly report as a standalone public company had strong news on net sales, and so-so news on same-store sales. That puts new owner Starbucks in a sweet spot as it prepares to take the premium tea seller to the next level.

Another 1,500 Starbucks Cafes Are Just Around the Corner

Another Starbucks may soon pop up near you. The world's biggest coffee company says it's planning to add at least 1,500 cafes in the U.S. over the next five years. That upbeat expansion plan marks a shift from Starbucks' recent predictions of slower growth.

Wall Street Watch: It's Tea Time for Starbucks

Starbucks announced on Wednesday that it will pay $620 million to acquire Teavana, the upscale mall chain that sells dozens of varieties of loose teas and artisanal tea-making equipment. They do also sell brewed tea beverages, but that's only sliver of its business. For Starbucks, this is a retail play, pure and simple.

Starbucks Goes South with a Big Surge in Latin America

Starbucks fans hoping to satisfy a Frappuccino craving in Costa Rica used to be out of luck -- until Wednesday morning, when it opened its first store there. But that's just the tip of the iceberg in Latin American for coffee powerhouse.

Tasty or Absurdi-Tea? Coors Brews Tea-Flavored Beer

Molson Coors Brewing is introducing Coors Light Iced T next month. The beverage will be sold in aluminum cans similar to its existing beer offerings, and rightfully so: The citrus-like brew will pack a roughly 4% alcohol punch.