Coffee Bean  Tea Leaf chief executive Mel Elias

Tea time in America

Cafe chains like Starbucks, The Coffee Bean & Tea Leaf, Argo Tea and others are capitalizing on the growing market for tea among U.S. consumers.

When Starbucks announced its agreement to acquire the 300-unit Teavana retail tea brand in November for $620 million, the coffeehouse giant’s chief executive Howard Schultz pledged to “do for tea what we did for coffee.”

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