News

Turmoil at DAVIDsTEA Leads to Missed Opportunity

MONTREAL, Quebec DAVIDsTEA President and CEO Joel Silver resigned this week after a vicious proxy battle that returned control of the public company to co-founder Herschel Segal. A block of investors, led by TDM Asset Management Director Benjamin Gisz, and supported by proxy consultants Glass, Lewis & Co., vigorously objected to a seven-member slate...

Replenish Retail: The Refill Revolution

An Australian specialty tea company has developed compostable refill packaging and fill-your-own bulk dispensers in support of “Plastic Free July.” Two million Australian consumers already have pledged to avoid single-use packaging, a national promotion that adds momentum to the “refill revolution.” Founder Anthia Koullouros says Ovvio Organics is one of the first Australian tea...

McLeod Russel Sells 12 Assam Tea Estates

McLeod Russel, the largest tea plantation company in the world, announced the sale of 12 estates in eastern Assam last week, continuing a decade long pattern of divestment by multinationals. The memorandum of understanding is subject to regulatory approvals, which are expected in the next few weeks. These are large estates producing a combined...

Tea Opportunity for Florida Growers

Can tea become an alternative crop in Florida for its mainstay citrus crops? That’s the question that business owners and university researchers across Florida are pursuing—and seeing the possibilities. For generations, oranges and grapefruit have been the pride of the Sunshine State. But citrus greening—along with damage from hurricanes and other storms—has hit the...

Bigelow Tea Becomes Benefit Corporation

Bigelow Tea is announcing the recently attained distinction of becoming a Benefit Corporation. The family company is the No. 1 Specialty Tea market leader, manufacturing “Constant Comment”® and more than 150 tea varieties sold nationwide. Now officially registered as a Benefit Corporation, it is one of a select group of companies that has designated...

Share Iced Tea’s Benefits with Customers

NEW YORK, June 1, 2018 /PRNewswire/ — It’s about time we move oolong to the summer and celebrate the second-most consumed beverage in the world – tea! With the temperatures rising and flowers blooming, there’s nothing more refreshing than a tall glass of freshly brewed iced tea or a tea cocktail! In honor of National...

5 Cool Kinds of Tea to Pour for National Iced Tea Month

National Iced Tea Day is June 10 and chances are Americans will celebrate with unconventional flavors, boba tea, cold brew, herbal tisanes or sparkling tea in their cups. These cool-brew trends are making their mark this year as we embark on National Iced Tea Month, an annual June event. Customers Favor Flavors New flavor...

Wildlife Conservation in India’s Tea Gardens

One of the world’s largest animals, the majestic elephant holds a dear place in most people’s hearts. However, a stressed elephant can kill a human with one strike of its trunk, a fact known only too well by India’s tea plantation workers, where conflict between humans and elephants is rife. Although elephants are still...

Nestle-Starbucks Alliance Brings Mutual Benefits

Brands get all the attention, but distribution is the formidable skeleton that enables food and beverage titans such as Nestlé ($90 billion), PepsiCo ($63 billion), Coca-Cola ($42 billion) and Kraft Heinz ($26 billion) to generate $25 to $100 billion in annual sales. Last week Nestlé announced it had purchased perpetual rights to market Starbucks...