Type Public company Key people Christen Bullen (CEO) Website www.davidstea.com Founded 2008 | Traded as NASDAQ: DTEA Products Loose-leaf tea Headquarters Canada | |
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Stock price DTEA (NASDAQ) US$ 6.80 +0.10 (+1.49%)3 Mar, 4:00 PM GMT-5 - Disclaimer CEO Sylvain Toutant (29 May 2014–) Founders Herschel Segal, Herschel H. Segal, David Segal Profiles | ||
The davidstea story
DavidsTea (often stylized as DAVIDsTEA) (in French Les Thés DavidsTea) is a Canadian specialty tea and tea accessory retailer based in Montreal, Quebec. It is the largest Canadian-based specialty tea boutique in the country, and competes directly with Teavana in many markets. Following the company's initial public offering, common stock began trading on the NASDAQ Global Market on June 5, 2015.
Contents
History
In 2008, David Segal and his cousin Herschel Segal founded DavidsTea in Montreal, and opened its first store on Queen Street in Toronto the same year, followed by its first Montreal store in 2009. In 2010 it had stores located across Canada, opening its 50th store in Waterloo, Ontario in 2011. In November that same year it opened its first store outside of Canada in New York City. Fed by a growing tea boutique industry, by 2012 it had expanded to more than 75 stores across Canada and the United States. Since its inception, DavidsTea offers over 150 varieties of teas, numerous tea accessories, and seasonal offerings. The company conducted an initial public offering in the United States in June 2015, the proposed NASDAQ stock symbol being DTEA.
In 2013, former talkshow host Oprah Winfrey surprised the small company by promoting the brand in live shows, and later in O Magazine.
In March 2016, co-founder David Segal resigned from DavidsTea.
On May 24, 2016, Christine Bullen was appointed Managing Director of U.S. Markets. On December 8, 2016, Bullen was named Interim President and CEO, effective February 1, 2017.
Management
Christine Bullen, Interim President and CEO (effective February 1, 2017)
Sylvain Toutant - President, Chief Executive Officer and Director
Luis Borgen - Chief Financial Officer
Isabelle Grisé - Chief Marketing Officer
Howard Tafler - Chief Accounting Officer
Marc Macdonald - Chief HR Officer
Edmund Noonan - Head of Real Estate