For you tea guys:
Portland tea savant Steven Smith, co-founder of Tazo, Stash and Smith Teamaker, dies
Interesting article.
-jim
Portland tea savant Steven Smith, co-founder of Tazo, Stash and Smith Teamaker, dies
Interesting article.
-jim
Portland tea savant Steven Smith, co-founder of Tazo, Stash and Smith Teamaker, dies
- Thread starter gearchow
- Start date
This is sad news. I met Steve Smith at the Northwest Tea Festival in Seattle a few years ago. I regularly buy loose-leaf tea online from his shop. The black teas are high quality and reasonably priced.
Nice article and brief profile of Steven Smith.
Regarding the Starbucks angle, one wonders why Starbucks did not do a better job capitalizing on their purchase of Tazo in ~1998 for $9.1 Million. 14 years later in late 2012 they spend $620 Million for Teavana. Teavana may have had more storefronts and assets to justify a higher price, but seems that Starbucks had what they needed from Tazo.
Regarding the Starbucks angle, one wonders why Starbucks did not do a better job capitalizing on their purchase of Tazo in ~1998 for $9.1 Million. 14 years later in late 2012 they spend $620 Million for Teavana. Teavana may have had more storefronts and assets to justify a higher price, but seems that Starbucks had what they needed from Tazo.
