CEO of Davids Tea announces planned departure
Davids Tea, the Canadian tea retailer, announced that Sylvain Toutant, president and chief executive officer, will be leaving the company to pursue other interests. Toutant oversaw the expansion of the retail chain both in Canada and the US, and played a key role in the company's 2015 initial public offering. Toutant admitted that the decision was not easy, but was the right one from a personal and family standpoints. He said that the assembled talent in all departments should carry the brand forward while it looks for a new leader. Toutant will serve until the end of the fiscal year in January. Davids Tea currently operates 208 stores across the US and Canada, and recorded sales of $85.5 million (a 25% growth from a year earlier) in the first six months of the fiscal year.
Sri Lanka seeking greater IP protection for Ceylon tea
Sri Lanka plans to change its intellectual property laws in a bid to offer better legal protections to the tea industry thanks to Geographical Indications. Geographical Indications (GI) are widely used in specialty food and drink industries to designate specific geographical origins and qualities or a reputation associated with those origins. Famous examples include sparkling wine from the Champagne region in France or tea grown in Darjeeling, India. There is currently no domestic framework to register Geographical Indications in Sri Lanka despite a domestic registration being a mandatory prerequisite for international registration of GI.
Teabox introduces teabags in nitrogen-filled foils
Online tea retailer Teabox announced a range of pyramid teabags in foil envelopes filled with nitrogen to preserve freshness. While nitrogen is used by some companies to replace oxygen in loose tea packaging, this is a first for teabags. Each envelope is individually wrapped and sealed at source using a natural nitrogen flush to protect the leaves against oxidation. The TeaPac range consists of 18 varieties, including popular blends like English Breakfast and Earl Grey, and is priced at $10 for a box of 16 teabags.