Starbucks to Open First ‘Tea Bar’ in NYC

by Christopher Freeburn | October 23, 2013 11:35 am

tea up 300x225 Starbucks to Open First 'Tea Bar' in NYC[1]New Yorkers who want to enjoy tea and snacks will soon have a new destination at which to immerse themselves in tea culture[2].

On Thursday, Starbuck’s (SBUX[3]) 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.

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[4]. 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.

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2013/10/tea-up.jpg
  2. at which to immerse themselves in tea culture: http://hosted.ap.org/dynamic/stories/U/US_STARBUCKS_TEA_SHOP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2013-10-23-10-28-12
  3. SBUX: http://studio-5.financialcontent.com/investplace/quote?Symbol=SBUX
  4. acquired Teavana last year for about $620 million: http://investorplace.com/2012/11/whats-starbucks-really-getting-for-620m/

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