Atlanta based Teavana Holdings Inc will take control of Canada’s Teaopia Ltd. in a $26.9 million all-cash deal. That will deliver Teaopia’s 46 Canadian stores, many of them located in malls and shopping centres. How this development will affect the Teaopia location on Bayview Ave is not known. Teaopia is the leading loose leaf tea retailer in Canada and was the brainchild of entrepreneur David Bellisario. It was founded in 2005. At right, Teaopia sign goes up on South Bayview on Friday August 26, 2011 News release. U.S. firm Teavana will purchase Teaopia Ltd.
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Atlanta based Teavana Holdings Inc will take control of Canada’s Teaopia Ltd. in a $26.9 million all-cash deal. That will deliver Teaopia’s 46 Canadian stores, many of them located in malls and shopping centres. How this development will affect the Teaopia location on Bayview Ave is not known. Teaopia is the leading loose leaf tea retailer in Canada and was the brainchild of entrepreneur David Bellisario. It was founded in 2005. At right, Teaopia sign goes up on South Bayview on Friday August 26, 2011 News release.