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Report: Starbucks among the bidders for Tully’s Coffee
New York -- Starbucks Coffee Co. is one of seven bidders for Tully's Coffee, according to The Seattle Times. The bids were filed on Thursday as part of an auction process for Tully's, which filed for bankruptcy protection in October.
The report said that Starbucks’ offer is for about half of the Tully’s stores. Tully's currently has 47 company-operated stores.
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Starbucks completes Teavana acquisition
SEATTLE -- Starbucks Coffee Company announced that it has completed its acquisition of Teavana Holdings has formally closed, making Teavana a wholly-owned subsidiary of Starbucks. Teavana has some 300 locations, primarily in 300 shopping malls across the nation.
The acquisition is the the latest addition to Starbucks emerging brands portfolio, which also includes Evolution Fresh, La Boulange, Seattle’s Best Coffee and Tazo.