Teavana - #13
Teavana was an American tea company created in 1997 in Atlanta, Georgia by Andrew T. Mack, and his wife.
After making a splash (grew to 650 stores), especially in the mall world, Teavana was acquired by Starbucks in 2012 for an estimated $620 million.
A short five years later, based on underperforming locations and a loss of luster for the brand, Starbucks announced it would shutter 379 Teavana stores.
That same year (2017) Starbucks was sued by Simon Malls over the closures in the properties arguing closing would reduce traffic to surrounding stores. Simon was victorious in a 2018 court ruling, but Simon and Starbucks reached an agreement that would close the remaining 77 Teavana stores in Simon malls in early 2018 (In 2017, Cadillac Fairview filed suit in Canada for similar reasons).
You can still find Teavana products in your local Starbucks and many other retailers.