Teavana Stores

by Starbucks

1997 – 2018 GONE FOREVER

Gone as a chain. Starbucks announced in July 2017 that it would close all 379 Teavana stores, most by spring 2018, blaming underperforming mall locations. The Teavana name survives on tea sold at Starbucks and in supermarkets.

Last verified Nov 9, 2026

The mall tea shop with walls of loose-leaf tins, cast-iron teapots and a clerk who handed you a sample cup on the way past. It began as one Atlanta shop in 1997 and grew to 379 stores before Starbucks shut every one.

🧾 One more thingStarbucks paid about $620 million for Teavana in 2012. When it tried to close the chain in 2017, mall owner Simon Property Group sued, and an Indiana judge ordered 77 Teavanas to stay open under their leases until a settlement in January 2018.

Filed under: Drinks & Sodas · the ’90s

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📅 Timeline

1997Andrew and Nancy Mack opened the first Teavana, a single shop in Atlanta.
2012Starbucks agreed in November to buy Teavana for about $620 million; the deal closed on December 31.
2017In July Starbucks said it would close all 379 Teavana stores; in December a judge ordered 77 Simon mall stores to stay open.
2018Starbucks and Simon settled in January, and the remaining stores closed.

❓ People also ask

Is Teavana still in business?

Not as a store chain. Starbucks closed all Teavana shops by 2018, but it still sells Teavana-branded tea in its cafés and in grocery stores.

Why did Starbucks close Teavana?

Starbucks said the mostly mall-based stores were persistently underperforming. It booked more than $100 million in impairment charges on the chain in 2017.

🧾 Sources

Starbucks / SEC, Starbucks Q3 FY17 results, Form 8-K Exhibit 99.1 (2017)
Atlanta Journal-Constitution, The deal: Starbucks acquires Teavana for $620 million (2012)
QSR Magazine, Judge: Starbucks can't close all Teavana locations (2017)
Commercial Observer, Starbucks and Simon reach agreement in Teavana store closure dispute (2018)

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