Capital Teas

Last updated
Capital Teas
Industry
  • Tea
  • Tea Products
Founded2007 (2007) in Annapolis, Maryland, United States
Headquarters
Fredericksburg, Virginia
,
United States
Area served
Worldwide
Products
Website capitalteas.com

Capital Teas is an American specialty tea brand, founded in 2007 in Annapolis, Maryland, [1] that offers premium loose tea and tea-related products. From 2007 [2] through 2018, the company operated brick and mortar stores, peaking at 24 retails stores in eight states by late 2016. Two years later, the company shifted strategies and became an e-commerce-only provider. In October 2018, Anchor Beverages, Inc. took over the Capital Teas brand and operated exclusively in online and wholesale channels. In October 2024, the company changed ownership and relocated to Fredericksburg, Virginia.

Contents

History

From 2007 to 2014, Capital Teas was privately owned by co-founders Peter Martino and Manelle Martino who operated six street-front retail tea stores in Maryland, D.C., and Northern Virginia. In March 2014, Capital Teas received its first $5 million investment from Pear Tree Partners, based in Massachusetts, and began rapidly expanding the brand to 24 stores, with most expansion stores in large shopping malls in eight states. [3] Subsequent investments through Pear Tree Partners made their investment funds the majority shareholders. After several years of success where Capital Teas, Inc. was named to the Inc. 5000 list of the fastest growing companies in America in 2016 and 2017, [4] the rapidly changing retail environment resulted in the company closing many of its expansion stores due to declining foot traffic in shopping malls. [5] In August 2018, the company closed its remaining stores. In October 2018, Anchor Beverages, Inc., a new company started by Peter Martino, one of the original co-founders, took over operations of the Capital Teas brand as an e-Commerce company. In late 2022, Anchor Beverages opened a holiday Capital Teas store at the Annapolis Mall [6] to test viability of returning to limited brick and mortar operations. In October 2024, the company was sold in a private sale, [7] and its headquarters relocated to Fredericksburg, Virginia.

Capital Teas has been recognized as an innovator in the tea industry with products such as their tea and alcohol infusions including Tea Lager Beer Enhancers and Vino Teano Wine Mixers. [8]

Products

The signature teas of the Capital Teas brand include Capital Breakfast, Annapolis Treasures, [9] Chesapeake Sunrise, Turmeric Ginger, Island Mango, and Roasted Almond. [10] The majority of the teas sold under the Capital Teas brand are USDA-certified organic, and nearly all its teas contain only natural ingredients.

Related Research Articles

<span class="mw-page-title-main">Cross County Shopping Center</span> Shopping mall in New York, United States

Cross County Center is an open-air shopping mall located at the junction of the NYS Thruway and Cross County Parkway, in the Kimball neighborhood of Yonkers, New York, United States. The mall is managed by Marx Realty and hosts over 100 stores and restaurants. Anchor stores are Macy's and Target. The mall features prominent specialty retailers such as Armani Exchange, Zara, Michael Kors, Guess, Invicta Watch, and Steve Madden, in addition to Showcase Cinemas.

<span class="mw-page-title-main">Dillard's</span> American department store chain

Dillard's, Inc. is an American department store chain with approximately 267 stores in 29 states and headquartered in Little Rock, Arkansas. Currently, the largest number of stores are located in Texas with 57 and Florida with 42. The company also has stores in 27 more states; however, it is absent from the Northeast, most of the Upper Midwest, and most of the West Coast, aside from three stores in California.

<span class="mw-page-title-main">Mills Corporation</span> Publicly traded real estate investment trust

The Mills Corporation was a publicly traded real estate investment trust headquartered in Chevy Chase, Maryland, United States, acquired on April 3, 2007, by an investment group composed of Simon Property Group and Farallon Capital Management. The company developed, owned, and operated major super-regional shopping malls. The company built 18 "Landmark" centers in which the malls were named after "Mills", like "Vaughan Mills", or "St. Louis Mills"; and also over 20 "21st Century Retail" regional malls that they started operating in 2002, like Del Amo Fashion Center and Southdale Center. Most former Mills facilities have a large movie theater from 10 to 30 screens, and a large food court. Their facilities were normally built in colorful modern/abstract architectural designs, but in recent years have been renovated to more conventional designs with mainly neutral colors. Simon Property Group assumed management of the former Mills properties after the acquisition, and is operating the former "Landmark Mills" group as a separate operating segment within its organization.

<span class="mw-page-title-main">Arundel Mills</span> Shopping mall in Maryland, U.S.

Arundel Mills is a shopping mall located in unincorporated Anne Arundel County, Maryland. It is 59.3% owned by Simon Property Group, who manages the mall. With its 1,930,820 sq ft (179,379 m2) GLA, it is the largest mall in the state of Maryland. Developed by The Mills Corporation, the mall is located at the intersection of Maryland Route 100 and the Baltimore-Washington Parkway in northwestern Anne Arundel County. The anchor stores are Cinemark Theatres, Books-A-Million, The Children's Place, TJ Maxx, Burlington, Off Broadway Shoe Warehouse, Sun and Ski Sports, Old Navy, MD Furniture, Bass Pro Shops, Saks Fifth Avenue, Ulta Beauty, Dave & Buster's, Yard House, and Primark.

<span class="mw-page-title-main">Lakeforest Mall</span> Abandoned shopping mall in Maryland, U.S.

Lakeforest Mall, formally the Lakeforest Regional Mall, also known as Lakeforest, is an abandoned enclosed shopping mall located in Gaithersburg, Maryland. The property is currently owned by WRS Inc. Real Estate Investments who is planning to redevelop the site. The mall closed to the public on March 31, 2023. The mall featured a food court, and until 2013, formerly a large children's play area at the center. Following the closure of three of its four anchor stores, JCPenney, Lord & Taylor, and Sears in 2019, Macy's remained as the mall's final remaining anchor store until 2023, with the rest of the mall closing shortly after. Following its closure, the mall is set to be demolished the following year at the soonest.

Bonton Holdings Inc. operating as Bonton was an American department store chain and group founded in 1898. The former York, Pennsylvania-based company BonTon filed for bankruptcy in February 2018 and sold the name to CSC Generation, which sold it to BrandX.com in 2021, operating an e-commerce site under the brand name. Along with Bergner's, Boston Store, Carson's, Elder-Beerman, Herberger's, and Younkers, the names of most of the defunct retail group's department store chains are owned by BrandX.

<span class="mw-page-title-main">White Marsh Mall</span> Shopping mall in White Marsh, Maryland

White Marsh Mall is a regional shopping mall in the unincorporated and planned community of White Marsh, Maryland. It is one of the largest regional malls in the Baltimore metropolitan area, with 6 anchor stores and 134 specialty shops in 1,200,000 square feet (110,000 m2). The mall is anchored by Macy's, Macy's Home Store, Boscov's, JCPenney and Dave & Buster's. White Marsh Mall is the fourth largest mall in the Baltimore area, behind Towson Town Center, Arundel Mills Mall and Annapolis Mall. It is adjacent to an IKEA store and The Avenue at White Marsh shopping center.

<span class="mw-page-title-main">Central Park (shopping complex)</span> Shopping mall in Virginia, United States

Central Park is a shopping complex in Fredericksburg, Virginia, with 166 businesses. The complex is located near the intersection of Interstate 95 and State Route 3. Many national big-box stores, restaurants, and smaller local businesses occupy the Central Park complex. The complex has 2,200,000 square feet (200,000 m2) of leased retail space. The complex's developer, the Silver Companies, describes Central Park as "The East Coast's Largest Power Retail Center". In the 2004 rankings from the American Studies Department at Eastern Connecticut State University, Central Park was ranked as the largest unenclosed mall on the East Coast, and as the seventh largest mall in the United States.

Miller & Rhoads was a Virginia-based department store chain. Throughout its 105-year lifespan, the store played an active role in the Richmond, Virginia, community, along with its friendly cross-street rival Thalhimers. The Richmond flagship location was known for its "SantaLand" upstairs attraction, which has since become an attraction at the Children’s Museum of Richmond. Following a series of ownership changes starting in 1967, Campeau Corporation purchased Miller & Rhoads in 1987 and later sold it to Philadelphia developer Kevin Donohoe and store management before closing in 1990.

<span class="mw-page-title-main">Dulles Town Center</span> Shopping mall in Dulles, Virginia

Dulles Town Center is a two-level enclosed shopping mall in Sterling in Loudoun County, Virginia. It is located five miles (8.0 km) north of Washington Dulles International Airport. It is part of the Dulles Town Center census-designated place for population statistical purposes.

<span class="mw-page-title-main">Arden Fair</span> Mall in Sacramento, California

Arden Fair is a two-level regional shopping mall located on Arden Way in Sacramento, California, United States. It consists of over 150 tenants, encompassing over 1,100,000 square feet (100,000 m2) of retail space. The mall features the traditional retailers Macy's and JCPenney as anchor stores. It is locally owned by Fulcrum Property and operated by Centennial Real Estate Company.

<span class="mw-page-title-main">Annapolis Mall</span> Shopping mall in Maryland, U.S.

Annapolis Mall is a shopping mall in Parole, just east of the intersection of Interstate 97 and U.S. Route 50 and in close proximity to the mall's namesake of Annapolis, Maryland. Owned and managed by Centennial Real Estate Management, the mall features 1,416,744 sq ft of GLA, making it the second-largest shopping mall in Maryland after Arundel Mills. As of 2022, the mall features two traditional anchors Macy's and JCPenney, as well as an 11-screen AMC Theatres and prominent specialty retailers such as Forever 21, The Container Store and Crate & Barrel.

<span class="mw-page-title-main">Livingston Mall</span> Shopping mall in Livingston New Jersey

Livingston Mall is a two-level shopping mall located in Livingston, in the U.S. state of New Jersey. The mall has a gross leasable area of 968,820 sq ft (90,006 m2). Located near the Passaic River close to neighboring Morris County, it serves customers from Essex, Morris and Union counties. The mall is anchored by Macy's and Barnes & Noble.

<span class="mw-page-title-main">Louis Joliet Mall</span> Shopping mall in Joliet, Illinois, United States

Louis Joliet Mall is a shopping mall in Joliet, Illinois. Its anchor stores are JCPenney, Macy's and a Cinemark movie theater along with two vacant anchors last occupied by Carson's and Sears. It also has a TGI Fridays.

<span class="mw-page-title-main">Anchor Blue Clothing Company</span> American clothing retailer

Anchor Blue Inc. was an American clothing retailer which had over 100 stores in the western United States. It generally sold its own Anchor Blue brand name of youth-oriented denim, graphic T-shirts and casual clothing. Sometimes the company was referred to as the Anchor Blue Inc., but their retail clothing chain of stores was labeled as Anchor Blue. The Anchor Blue and Miller's Outpost brands were acquired by Perry Ellis International in 2012.

<span class="mw-page-title-main">Pembroke Mall</span> Shopping mall in Virginia, United States

Pembroke Mall was an enclosed shopping mall located in Virginia Beach, Virginia, United States. It was opened in March 1966 as the first shopping mall in the Hampton Roads metro area. It comprised more than 48 stores, including anchor stores Target and Kohl's.

<span class="mw-page-title-main">Monro Muffler Brake</span> American automotive holding company

Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2021, Monro has 1,288 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.

<span class="mw-page-title-main">Security Square Mall</span> Shopping mall in Maryland, U.S.

Security Square Mall is a mall in Woodlawn, Baltimore County, Maryland, a suburb of Baltimore, in the United States. The mall features over 100 stores and restaurants, as well as a food court. One section of the mall, Grand Village Plaza, previously included Korean shops and restaurants; however, most of these establishments had closed by 2010. Security Square Mall is located adjacent to the North American School of Trades. The anchor stores are Bayit Furniture, Set the Captives Free Outreach Center, Burlington, and Macy's. There is 1 vacant anchor store that was once Sears.

<span class="mw-page-title-main">Capital Plaza Mall</span> Shopping mall in Annapolis Road in Landover Hills, MD

Capital Plaza Mall was a shopping mall located at the intersection of Annapolis Road and the Baltimore–Washington Parkway in Landover Hills, Maryland. It was built between 1961 and 1963, as a regional shopping center to serve the Bladensburg and Landover area of suburban Washington, D.C. The mall was a major attraction in Prince George's County, until its slow decline that began in the 1970s. This continued until the mall's closure in 2005, and ultimately its demolition in 2007. Part of the grounds are now occupied by a Wal-Mart store.

<span class="mw-page-title-main">Marley Station Mall</span> Shopping mall in Governor Ritchie Highway Glen Burnie, Maryland

Marley Station Mall is an enclosed shopping mall in Glen Burnie, Maryland. Opened in 1987, it was expanded in 1994 and 1996. The mall had 130 stores on 2 floors, a movie theater, and 5 anchor spaces. JCPenney, Macy's, and Golds Gym serve as the mall's current anchor tenants. The other two anchor spaces were occupied by Boscov's until 2008, and Sears until 2021.

References

  1. ↑ "Capital Teas….by Lucy – Firestone Sisters". firestonesisters.com. Archived from the original on 2010-10-12.
  2. ↑ "Annapolis & Anne Arundel County Real Estate - Capital Gazette".
  3. ↑ "Capital Teas wants to be the tea drinker's Starbucks". The Washington Post . Archived from the original on 2014-03-27. Retrieved 2021-06-25.{{cite web}}: CS1 maint: bot: original URL status unknown (link)
  4. ↑ 24-7 Press Release
  5. ↑ Herald-Tribune
  6. ↑ "Tea Shop Reopens Physical Store in Anne Arundel County, Expects Another in 2023". 5 December 2022.
  7. ↑ Martino, Peter. "Peter Martino LinkedIn".
  8. ↑ "Can a simple tea bag turn Coors Light into something worth drinking?". The Washington Post . 2015-05-10. Archived from the original on 2022-12-08.
  9. ↑ "Tea Time in Annapolis".
  10. ↑ "A Cup of Tea for Your Thoughts - Bethesda, MD Patch". Archived from the original on 2011-07-15. Retrieved 2011-02-10.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.