DAVIDsTea

• DavidsTea creditors, including employees, to split $18M after U.S. court ruling

  The plan of arrangement was approved by creditors of DavidsTea and its U.S. subsidiary on June 11 and calls for the distribution of the funds in mid-July.

  Canada

  Jun 17, 2021
  
• DavidsTea takes step toward exiting insolvency after Quebec Superior Court approves plan

  Approvals would mean the Montreal-based company would exit court protection from creditors in both countries later this summer.

  Canada

  Jun 16, 2021
  
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• DavidsTea starts fiscal year by swinging to small profit despite lower sales

  The beverage company says it earned $3.2 million or 12 cents per diluted share for the three months ended May 1.

  Canada

  Jun 15, 2021
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• DavidsTea creditors authorize plan to split $18M owed by insolvent beverage company

  DavidsTea filed for creditor protection under the Companies' Creditors Arrangement Act on July 8.

  Canada

  Jun 11, 2021
• DavidsTea formally announces plans to reopen only 18 of its stores

  Seven will be in Quebec, five in Ontario, and the rest in Alberta, British Columbia, Manitoba and New Brunswick.

  Economy

  Jul 30, 2020
• DavidsTea to close 82 Canadian stores amid coronavirus pandemic

  The store closures are part of its restructuring after it obtained court protection from creditors under the Companies' Creditors Arrangement Act.

  Canada

  Jul 9, 2020
• DavidsTea files for bankruptcy protection while negotiating with landlords

  DavidsTea is seeking court protection from creditors while it negotiates leases for many of its stores.

  Economy

  Jul 8, 2020
• Are customers and businesses gaining from rewards programs?

  The value of customer loyalty programs is under increased scrutiny by companies and users in the wake of Air Miles' recent reversal of an unpopular expiration policy.

  Money

  Feb 27, 2017
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• DavidsTea faces scrutiny in U.S. for using ‘on-call’ shifts

  Canadian beverage chain DavidsTea is facing a simmering challenge in the United States over alleged use of "on-call" shifts to control labour costs.

  Consumer

  Apr 14, 2016