December 05, 2016 11:54 AM ET

Specialty Retail

Company Overview of Teavana Holdings, Inc.

Company Overview

Teavana Holdings, Inc., together with its subsidiaries, operates as a specialty retailer of loose-leaf teas, tea wares, and other tea-related merchandise in the United States, Canada, and Mexico. The company offers approximately 100 varieties of loose-leaf teas; and a selection of fresh-brewed teas. It also provides tea wares and other tea-related merchandise, such as handcrafted cast-iron, clay, and ceramic tea pots; tea cups and mugs; tea accessories; tea décor and media products; and tea foods. The company offers its products through its retail store base in the United States and Canada, as well as through franchised stores primarily in Mexico; and online platform comprising its Website, ...

3630 Peachtree Road NE

Suite 1480

Atlanta, GA 30326

United States

Founded in 1997

473 Employees

Phone:

404-995-8200

Fax:

302-655-5049

Key Executives for Teavana Holdings, Inc.

President
Age: 47
Co-Founder
Executive Vice President of Operations
Age: 61
Group President of U.S., Americas
Age: 57
Senior Vice President of Distribution
Age: 55
Compensation as of Fiscal Year 2016.

Teavana Holdings, Inc. Key Developments

Teavana Agrees to Pay $3.75 Million Civil Penalty for Failure to Report Hazardous Tea Tumblers

The U.S. Consumer Product Safety Commission announced that Teavana has agreed to pay a $3.75 million civil penalty to the federal government. The penalty settles charges that Teavana knowingly failed to report to CPSC, as required by federal law, that the tumblers contained a defect that could create a substantial product hazard or that the tumblers created an unreasonable risk of serious injury. After receiving numerous complaints about the tea tumblers unexpectedly exploding, shattering or breaking during normal use, including six reports of injuries to consumers who suffered cuts to their fingers or legs by broken glass or burns from hot liquid, Teavana failed to immediately report the matter to CPSC. In addition to paying the $3.75 million civil penalty, Teavana has agreed to comply with and maintain the compliance program of its parent company that is designed to ensure compliance with the Consumer Product Safety Act (CPSA) and regulations enforced by the Commission. Teavana has also agreed to comply with and maintain a system of internal controls and procedures to ensure Teavana discloses information to the Commission in accordance with applicable law.

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Recent Private Companies Transactions

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