April 23, 2014 7:33 PM ET

Specialty Retail

Company Overview of Teavana Holdings, Inc.

Company Overview

Teavana Holdings, Inc., together with its subsidiaries, operates as a specialty retailer of loose-leaf teas, tea wares, and other tea-related merchandise in the United States, Canada, and Mexico. The company offers approximately 100 varieties of loose-leaf teas; and a selection of fresh-brewed teas. It also provides tea wares and other tea-related merchandise, such as handcrafted cast-iron, clay, and ceramic tea pots; tea cups and mugs; tea accessories; tea décor and media products; and tea foods. The company offers its products through its retail store base in the United States and Canada, as well as through franchised stores primarily in Mexico; and online platform comprising its Website, ...

3630 Peachtree Road NE

Suite 1480

Atlanta, GA 30326

United States

Founded in 1997

473 Employees

Phone:

404-995-8200

Fax:

302-655-5049

Key Executives for Teavana Holdings, Inc.

President
Age: 44
Co-Founder
Chief Financial Officer
Age: 44
Executive Vice President of Operations
Age: 58
Group President of U.S.
Age: 54
Compensation as of Fiscal Year 2013.

Teavana Holdings, Inc. Key Developments

Teavana Holdings, Inc. Announces Management Changes

Starbucks Coffee Company announced new leaders for two key positions as the company continues to advance its global growth and innovation agenda. Starbucks Canada executive vice president and president Annie Young-Scrivner has been named executive vice president and president, Teavana. Nine-year retail operations executive and Partner (Employee) Resources senior vice president Rossann Williams has been appointed senior vice president and president, Starbucks Canada. Teavana founder and ceo Andy Mack, having helped with the integration of Teavana with Starbucks, has decided to retire from the company. Young-Scrivner most recently led Starbucks Canada's record Fiscal 2013 performance. Prior to her role leading Canada, Young-Scrivner served for three years as Starbucks global chief marketing officer and president of Tazo Tea. Before joining Starbucks in 2009, she had a successful twenty-year career at PepsiCo and held positions such as chief marketing officer, Quaker Foods, and president of greater China for PepsiCo Food & Snacks. Young-Scrivner will continue to report to Burrows in her new role.

Teavana Recalls Glass Tea Tumblers Due to Laceration and Burn Hazards

Teavana instructed that consumers should stop using glass tea tumblers, which is being recalled voluntarily. The glass tea tumblers can break or shatter unexpectedly, posing laceration and burn hazards. Teavana has received approximately 302 reports of the glass breaking or shattering, including six reports of lacerations and burns when the tumblers broke during use. About 445,000 in the U.S, and 24,850 in Canada were recalled.

Teavana Holdings, Inc. Announces Board Changes; Amends Certificate of Incorporation and Bylaws

On December 31, 2012, pursuant to an Agreement and Plan of Merger, dated as of November 14, 2012, by and among Teavana Holdings, Inc., Starbucks Corporation and Taj Acquisition Corp., Merger Sub merged with and into the company with the company continuing as the surviving corporation. In connection with the Merger, all of the members of the company's board of directors (other than Andrew Mack) resigned as of the Effective Time. Following such resignations, Troy Alstead and Jeff Hansberry were elected to the company's board of directors. Andrew Mack remained a director of the company. In connection with the Merger, as of the Effective Time, Jeff Hansberry, Andrew Mack, Richard Lautch and Sophie Hager Hume became an officer of the company. Pursuant to the Merger Agreement, on December 31, 2012, at the Effective Time, the: Second Amended and Restated Certificate of Incorporation of the company was amended and restated; and also amended and restated Bylaws of the company were amended and restated, effect immediately prior to the Effective Time.

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