It was almost five years ago that Starbucks paid $620 million to acquire mall tea chain Teavana, politely declining the $800 million tea tin upsell. While Teavana products are now for sale in every Starbucks cafe, including fruit-infused iced teas, the company announced this week that it will be closing the remaining Teavana retail stores over the coming year.…
NYS Entity Status
NYS Filing Date
APRIL 10, 2014
NYS DOS ID#
NYS Entity Type
DOMESTIC BUSINESS CORPORATION
2014 - ACQUIRED AUTO SALES & SERVICES INC.
AROUND THE WEB
- Starbucks Closing All Teavana Stores
By Laura Northrup - Friday Jul 28, 2017
- Why Are Chinese Car Companies So Interested In Buying Fiat Chrysler?
By Ashlee Kieler - Monday Aug 14, 2017
After years of perusing the dating apps, hoping for a multi-billion dollar love connection, Fiat Chrysler has reportedly found itself on the receiving end of a Bachelor-like rose from an unnamed Chinese auto manufacturer. Except, the company has said “thanks, but no thanks,” leaving us with all kinds of questions. Is Fiat Chrysler embracing the single life? Why does …
- Old Navy Is Still The Only Part Of Gap Inc. That’s Doing Well
By Laura Northrup - Friday Aug 18, 2017
As retailers continue to struggle to keep sales up and stores open, Gap Inc. has been able to stay profitable. It’s all thanks to one brand, Old Navy. Propped up by the low-end brandAccording to the company’s earnings statement released late yesterday, sales at comparable stores were up 1% across the whole company, but here’s the problem: All of …
- Accenture Acquires Brand Learning To Help Drive Marketing, Sales Transformation For Clients
Thursday Aug 3, 2017
With offices in London, New York and Singapore, the Brand Learning practice helps clients with customer strategies, new operating models, process development, content and other services.
- Could The Jeep Brand Cross The Ocean For A New Home In China?
By Ashlee Kieler - Monday Aug 21, 2017
Nearly 30 years after Chrysler bought the Jeep brand from American Motors Corporation, the seminal SUV brand could be switching hands and continents: Chinese carmaker Great Wall says it plans to acquire Jeep from Fiat Chrysler. A rep for Great Wall confirmed to The Wall Street Journal that the company plans to pursue Jeep, but couldn’t confirm if the company …
- Business News Roundup, July 25
By Chronicle News Services - Monday Jul 24, 2017
Vino Volo, a boutique wine bar and shop found in airports across North America, has been acquired by Hojeij Branded Foods, an airport food and beverage operator based in Atlanta, the companies said Thursday.Vino Volo (derived from “wine flight” in Italian) has more than 40 locations at 32 airports and offers wines from around the world, tasting flights and bottles for purchase or shipping.“We are delighted to join forces with HBF,” says Vino Volo CEO Doug Tomlinson, who founded the Oakland company in 2004.With the retention of Vino Volo founder Tomlinson as president, Vino Volo will become a wholly owned subsidiary of HBF, run by Vino Volo’s current leadership team under the leadership of the HBF CEO.“Combining the forces of HBF and Vino Volo is a natural fit for both companies,” says HBF CEO Regynald G. Washington.WebMD, the online information source on health topics, announced Monday that it will be acquired by Internet Brands, a new media company controlled by global investment firm Kohlberg Kravis Roberts.According to the company, stockholders of the New York health information provider would get $66.50 per each share in cash, a 20 percent premium over the Friday closing price of $55.19.The sale comes after WebMD announced in February that the management team was working with its legal and financial advisers to explore various strategies to stay competitive.The company was founded in the mid-1990s and quickly became a prominent name in the digital space as one of the leading information providers on medical symptoms, pharmacy, drugs and physicians.WebMD’s stock jumped around 20 percent on the New York Stock Exchange in the first hour of trading after the deal was announced, a sign that investors are as optimistic as the company’s management about future prospects after the acquisition.Demand for Hasbro Inc.’s Easy-Bake, Playskool and Super Soaker brands declined in the second quarter, pushing sales below analysts’ estimates.While the company’s franchise products — Transformers, Nerf and Monopoly, among others — remained strong, the results sent shares down the most in 21 months.The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among car services in Asia that has forced companies like Uber to take a back seat to rivals with extremely deep pockets.