Starbucks to Open First ‘Tea Bar’ in NYC

It will sell fine teas and snacks

   

tea up 300x225 Starbucks to Open First 'Tea Bar' in NYCNew Yorkers who want to enjoy tea and snacks will soon have a new destination at which to immerse themselves in tea culture.

On Thursday, Starbuck’s (SBUX) will launch Teavana Fine Teas + Teavan Tee Bar in Manhattan. The shop will sell specialty teas like Spiced Mandarin Oolong tea and a Pineapple Kona Pop + Blueberry Bliss iced tea, as week as salads, flatbreads and sweets, the Associated Press notes.

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Drinks at the new tea bar will be priced between $3 and $6. Foods will range from $3 to $15 a plate.

Starbucks acquired Teavana last year for about $620 million. The tea shop operator has about 300 locations across the country, compared to about 11,000 U.S. Starbucks shops.

Shares of Starbucks fell almost 1% in Wednesday morning trading.


Article printed from InvestorPlace Media, http://investorplace.com/2013/10/starbucks-open-first-tea-bar-nyc/.

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