Capital Teas

Capital Teas is an American specialty tea brand, based in Annapolis, MD,[1] which primarily sells premium loose tea and tea-related products. The Capital Teas brand was founded in 2007[2], closed its entire retail operations in August 2018, and in October 2018 Anchor Beverages, Inc. started offering Capital Teas products online and through wholesale channels.

Capital Teas
Industry
  • Tea
  • Tea Products
Founded2007 (2007) in Annapolis, Maryland, United States of America
Headquarters,
United States of America
Area served
Worldwide
Products
Websitecapitalteas.com

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. Then, 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 of the company. After several years of success where Capital Teas, Inc. was named an Inc. 5000 company in both 2016 and 2017, the rapidly changing retail environment resulted in the company being forced to close many of its expansion stores, commencing in July 2017, due to declining foot traffic in shopping malls. By August 2018, the company closed all of its stores and ceased operating. 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.

The Capital Teas brand 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.[4]

Products

The signature teas of the Capital Teas brand include Capital Breakfast, Annapolis Treasures,[5] Chesapeake Sunrise, Turmeric Ginger, Island Mango, and Roasted Almond.[6] The majority of the teas sold under the Capital Teas brand are USDA-certified organic, and nearly all its teas contain only natural ingredients.


References

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