Tea, as the second most consumed beverage in the world after water, is a $40B industry. Teavana (NYSE: TEA), a 300 store, mall-format ultra premium tea retailer has just become the latest company to be brought into the Starbucks' (SBUX 0.48%) fold, to the tune of $620M, or a 50% premium on Teavana share prices. So what is Starbucks planning to do with its newest acquisition? In this video, Motley Fool Consumer Goods Analyst Blake Bos tells us what some of Starbucks' plans are, how this acquisition compares to others they have made, and how it matches up with some of Starbucks' long-term goals.
Tea for Starbucks?
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