Growing tea culture in the U.S.
Continued from page 1 The announcement of plans to open Seventh Tea Bar comes on the heels of Starbucks’ deal to acquire the Teavana tea retail store for $620 million. Like Starbucks’ chief executive Howard Schultz, Duggan sees an opportunity to tap into the estimated $40 billion tea market, which is seeing double-digit growth. Tea is the second-most-consumed beverage in the world, after water, and Duggan contends that there is a growing culture of tea in the United ...
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Contact: Desiree Torres Desiree.Torres@penton.com