Bad news for you if you shop at Teavana!
It’s parent company Starbucks announced last week that it will be closing all of their 300+ locations by next spring. The closures start with stores in Canada. They expect Canadian locations to be closed by the end of September.
Starbucks had it’s biggest stock decline in about 2 years with shares dropping by as much as 8.2 per cent.
Sadly, the closing of Teavana will result in the loss of over 3000 jobs.
More details below…