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Teavana Fine Teas + Tea Bar, New York City

BY CSA STAFF
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Starbucks Corp. unveiled its new retail format, Teavana Fine Teas + Tea Bar, with the debut location opening on Manhattan’s East Side. The store features a wide variety of hot brewed and iced teas, tea fusion beverages and tea-related merchandise. It also offers a range of food items, from salads to flatbreads to pastries and other baked goods, with a bakery-like presentations.

Teavana Fine Teas is accented with light woods, comfy seating and low lighting. The centerpiece of the space is the visually-striking Teavana "Wall of Tea," a collection of loose-leaf teas and tea blends. The store is devoid of any Starbucks branding.

Starbucks purchased the 300-store Teavana Holdings last year as part of its ongoing efforts to diversify and push beyond its signature beverage.

“As the second most-consumed global beverage behind water, tea presents a $90 billion global market opportunity, and we are excited to celebrate the first retail example of how our two companies are coming together,” said Howard Schultz, Starbucks chairman, president and CEO.


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News

Petco pursues new growth frontier in Mexico

BY CSA STAFF

Petco has opened its first store in Mexico and announced plans for continued expansion in Mexico and Latin America through a previously announced joint venture with Grupo Gigante of Mexico. Together, the companies plan to open as many as 50 Petco stores in Mexico and Latin America by 2020.

“For nearly 50 years, Petco has been a leader in providing pet lovers with the products, services and advice they need to help their pets live happy, healthy lives, and we’re excited to begin serving pet parents in Mexico and Latin America," said Petco CEO Jim Myers."We believe our pet specialty expertise, combined with Grupo Gigante’s strong knowledge and track record in Latin America, will be a powerful combination that will further drive our growth."

Grupo Gigante has business operations with Office Depot de México (office supplies), The Home Store (home & fashion stores), Gigante Grupo Inmobiliario (real estate management and project development), The Cup Stop (coffee shop express service), Restaurantes Toks (family restaurants), and Aling Pro (software and business management solutions. Terms of the joint venture were not disclosed.

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REAL ESTATE

Krispy Kreme announces grand opening in Doraville, Ga.

BY Michael Fickes

Winston-Salem, N.C. — Krispy Kreme has announced the grand opening of a new Doughnut Factory in Doraville, Ga., for Oct. 29. The first 100 guests in line will receive free doughnuts for a year and commemorative T-shirts. The newly constructed, freestanding 2,300-sq.-ft. store includes a drive-through.

Today, Krispy Kreme operates more than 785 locations in 22 countries around the world.

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