Starbucks Coffee Co. announced Wednesday it will begin shuttering all of its Teavana storefronts, with the majority expected to be closed by spring 2018.
Among its 379 stores, Teavana has several locations throughout Houston, including one in Cy-Fair’s Willowbrook Mall at 1218 Willowbrook Drive, Houston. Starbucks also announced it will give Teavana employees the opportunity to apply for positions at Starbucks stores.
The global coffee company originally acquired Teavana in 2012 for $620 million, and expects to bring in $1.6 billion in revenue from its Teavana-based drinks in fiscal year 2017, according to a report.
www.teavana.com
