DAVIDsTEA Inc.

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,[1] followed by its first Montreal store in 2009.[2] 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,[3] 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.[4] The company conducted an initial public offering in the United States in June 2015, the proposed NASDAQ stock symbol being DTEA.[5][6] In 2013, former talkshow host Oprah Winfrey surprised the small company by promoting the brand[7] in live shows, and later in O, The Oprah Magazine. In March 2016, co-founder David Segal resigned from DavidsTea.[8] On May 24, 2016, Christine Bullen was appointed Managing Director of U.S. Markets.[9] On December 8, 2016, Bullen was named Interim President and CEO, effective February 1, 2017.[10] On March 13, 2017, DavidsTea appointed Joel Silver as President and Chief Executive Officer [11] On June 14, 2018, Joel Silver resigned as chief executive after the company’s shareholders voted to elect a new slate of directors to the company’s board, including Herschel Segal, one of the company’s original founders.[1

Bank Name DAVIDsTEA Inc.
Stock Exchange NASDAQ
Symbol DTEA
Sector Consumer Defensive
Industry Food Chains
Country United States
World Region Amarica
Chairman
CEO Mr. Joel Silver
Employees 477
Website www.davidstea.com
Registered Year 2008

 

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