DavidsTea began in 2008 under David & Herschel H. Segal. As the implies – it specialised in selling loose leaf tea, bagged tea and accessories.

However, ever since its IPO (June 12 2015 – $27US) it began an aggressive campaign of expansion which many stated would ultimately fail.

On July 08 2020, the company filed for Ch 15, T 11 protection from creditors while it restructured.

It has emerged in Sep 2020 after having closed 166 locations in Canada, 42 in the US and currently has only 18 active locations remaining, plus online sales (Oct 30 2020 – $1.08US) please refer to the link below:

https://www.davidstea.com/ca_en/updates/

What a mess.

Regards,
R Walton ([email protected])