Jamba Juice purchases boutique tea retailer Talbott Teas
Jamba Juice Company, a restaurant retailer with 750 locations in the US, has announced the purchase of Talbott Teas. The specialty tea retailer, founded in 2003 and based in Chicago, manufactures premium, yet accessible tea blends in luxurious and trendy packaging. They are sold through QVC, retail, online and HoReCa channels. According to Jamba Juice, the newly acquired premium tea company reflects its strategy for growth through purchases of lifestyle specialty brands that fit well with Jamba's positioning around health and wellness. Talbott Teas gained awareness among the business community recently by participating in a television program that connects up-and-coming entrepreneurs with investors. Financial details of the deal were not disclosed.