French brand Le Palais des Thés to enter US tea retail market
Le Palais des Thés, a Paris-based specialty tea retailer, plans to set foot in the US tea retail market later on this year. First stores are expected to be located in Manhattan, on the Upper West Side and in SoHo, and should open in November. The company already has a show room in Manhattan, but is now looking to expand its retail operations in areas where it has a large customer base. The 300- and 700-square-foot shops are each expected to generate $1 million in annual sales, according to Le Palais des Thés. The French brand already operates around 30 retail locations worldwide, mostly in France and Belgium. Numerous other gourmet tea companies such as Argo Tea, Davids Tea and TeaGschwendner have previously chosen Manhattan to host their boutiques.