There have been many talks lately about whether or not Argo Tea is going out of business. The short answer is: we don’t know. Argo Tea has been through many changes in the past few years, and it’s hard to say what the future holds for the company.
What we do know is that Argo Tea is facing some severe challenges. The tea market is becoming increasingly competitive, and Argo Tea has struggled to keep up with the trends. In addition, several key Argo Tea management team members have recently left the company.
All of this has led to speculation that Argo Tea may be forced to close its doors. However, we’ve heard from sources close to the company that they’re still fighting and looking for ways to turn things around. Only time will tell if they’ll be successful.
Argo Tea, the popular Chicago-based chain of cafes, is reportedly facing financial difficulties and may be forced to close its doors. The company has been struggling to make ends meet for some time and has been trying to sell itself for months without success. Argo Tea’s problems began when it overexpanded in recent years and took on too much debt.
The company has also been hurt by declining sales and competition from other cafes. If Argo Tea goes out of business, it will be a shame for fans of the chain’s signature teas and sandwiches.
Argo Tea Documentary
Argo Tea Locations
If you’re looking for a delicious and refreshing cup of tea, look no further than Argo Tea! With locations worldwide, there’s sure to be an Argo Tea near you. Argo Tea was founded in 2003 to bring delicious, healthy, and sustainable tea to the masses.
Today, Argo Tea is the leading premium tea brand in North America and continues to innovate with new products and flavors. So next time you’re looking for a pick-me-up, make your way to Argo Tea and enjoy one of their many delicious teas!
Credit: www.businesswire.com
Who Bought Argo Tea?
In September of 2018, Argo Tea was purchased by Hain Celestial for $375 million. This marked a significant investment for the health-conscious tea company, founded only two decades prior. Argo Tea has long been known for its innovative flavors, unique blends, and commitment to sustainability.
The acquisition by Hain Celestial will allow Argo Tea to continue to grow and expand its reach globally. While many details of the deal have not been made public, it is clear that both companies are excited about the potential of this partnership.
What Happened to Argo Tea?
Argo Tea was founded in 2003 by Arsen Avakian and Simon Simonian, who are of Armenian descent. The company’s mission is to “promote healthy living and sustainable business practices.” Argo Tea has locations throughout the United States, Canada, and China.
In 2017, the company was sold to North American tea giant Teavana for $310 million. Under Teavana’s ownership, Argo Tea underwent several changes. Most notably, many of its locations were closed down.
As of 2019, only around 30 Argo Tea cafes remain in operation. While the brand is still technically alive, it has become a shadow of its former self. So what exactly happened to Argo Tea?
In short, it was bought out by a larger corporation and then slowly dismantled. This is often the fate of small businesses that bigger fish gobble up. While it’s sad to see such a unique brand disappear, this is, unfortunately, the reality of the business world.
Where is Argo Tea Made?
Argo Tea is headquartered in Chicago, Illinois, but its products are made worldwide. The company sources tea leaves from growers in India, Sri Lanka, Japan, and China, among other countries. Argo Tea also has manufacturing facilities in these countries to control the quality of its products from start to finish.
This dedication to quality has made Argo Tea a favorite among tea drinkers around the globe.
Is Argo Tea Healthy?
Regarding tea, there are countless varieties and brands to choose from. But is Argo Tea healthy? Let’s take a closer look.
Argo Tea was founded in 2003 to “provide healthier, more sustainable alternatives to traditional fast food and beverages.” Their teas contain real ingredients like whole-leaf tea, fruits, and spices. And they offer a variety of both hot and iced teas, as well as tea-based lattes.
So what makes Argo Tea healthy? For one, their teas are lower in calories than other sweetened beverages like soda or juice. And because they’re made with natural ingredients, they contain vitamins, minerals, and antioxidants that can benefit your health.
One study even found that drinking black tea (like in ArgoTea) can improve heart health by reducing blood pressure and cholesterol levels. So if you’re looking for a healthy alternative to sugary drinks, Argo Tea is a great option!
Conclusion
Argo Tea, a popular Chicago-based chain of cafes, is rumored to be going out of business. The rumors began when a local news station reported that the company had filed for bankruptcy. However, Argo Tea has denied these rumors and says they are not going out of business.
The company is attributing the rumors to “fake news” and says they are healthy and growing.
