Starbucks Opens First Tea Bar
Teavana opens Thursday morning in New York City
You heard it here first: the billionaire founder of Starbucks is watching his caffeine intake. Howard Schultz, CEO of the coffee chain, won't drink coffee after 5pm.
He's more of a tea man these days, having taken a liking to the Maharaja Chai Oolong blend sold at Teavana, the mainly mall-based tea retailer Starbucks bought for $620 million last November.
On Wednesday, Schultz sipped a $4.95 cup of his new favorite at the first ever Teavana tea bar, which opens Thursday morning in New York City. Next up: a Seattle outpost, opening just before Thanksgiving.
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