Is Teavana The Right Spot Of Tea For Starbucks?
Posted on November 15, 2012 at 13:32 PM EST
Investors don’t seem to be brewing up much enthusiasm for news that coffee house giant Starbucks (SBUX) is spending $620 million in cash to buy Teavana Holdings (TEA), the operator of a chain of 300 mall-based specialty tea shops. At $48.58, Starbucks fell 0.5% during afternoon market action, which while a pretty muted response, is [...]