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
Atlanta, GA 30326
Founded in 1997
Teavana Recalls Glass Tea Tumblers Due to Laceration and Burn Hazards
May 30 13
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
Dec 31 12
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.
Teavana Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended October 28, 2012
Dec 10 12
Teavana Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended October 28, 2012. The company reported net sales of $46,037,000, loss from operations of $2,217,000, loss before income taxes of $2,455,000, net loss of $1,415,000 or $0.04 per basic and diluted share against net sales of $33,426,000, income from operations of $1,612,000, income before income taxes of $1,490,000, net income of $936,000 or $0.02 per basic and diluted share a year ago. Net loss, which includes a loss from Teaopia of $1.0 million after tax and $0.2 million after tax in other one-time expenses, was $1.4 million as compared to net income of $0.9 million in the third quarter of fiscal 2011. The Teaopia loss was driven by a $0.8 million after tax loss from operations and $0.2 million after tax in one-time transaction and integration expenses. The other one-time expenses include transaction costs related to the pending Starbucks acquisition and set-up costs for international entity.
For the nine months, the company reported net sales of $133,436,000, income from operations of $3,659,000, income before income taxes of $3,218,000, net income of $1,940,000 or $0.05 per basic and diluted share against net sales of $99,679,000, income from operations of $10,400,000, income before income taxes of $8,847,000, net income of $5,291,000 or $0.14 per basic and diluted share a year ago. Net income, which includes a loss from Teaopia of $2.4 million after tax and $0.3 million after tax in other one-time expenses, was $1.9 million as compared to $5.3 million in the prior year period. The Teaopia loss was driven by a $1.3 million after tax loss from operations and $1.1 million after tax in one-time transaction and integration expenses. The other one-time expenses include transaction costs related to the pending Starbucks acquisition and set-up costs for international entity.