DAVIDsTea
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DavidsTea herbal tea recalled over undeclared almondThe Canadian Food Inspection Agency is conducting a food safety investigation, which may lead to the recall of other products.ConsumerMay 13
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DavidsTea creditors, including employees, to split $18M after U.S. court rulingThe 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.CanadaJun 17, 2021
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DavidsTea takes step toward exiting insolvency after Quebec Superior Court approves planApprovals would mean the Montreal-based company would exit court protection from creditors in both countries later this summer.CanadaJun 16, 2021
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DavidsTea starts fiscal year by swinging to small profit despite lower salesThe beverage company says it earned $3.2 million or 12 cents per diluted share for the three months ended May 1.CanadaJun 15, 2021
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DavidsTea creditors authorize plan to split $18M owed by insolvent beverage companyDavidsTea filed for creditor protection under the Companies' Creditors Arrangement Act on July 8.CanadaJun 11, 2021
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DavidsTea formally announces plans to reopen only 18 of its storesSeven will be in Quebec, five in Ontario, and the rest in Alberta, British Columbia, Manitoba and New Brunswick.EconomyJul 30, 2020
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DavidsTea to close 82 Canadian stores amid coronavirus pandemicThe store closures are part of its restructuring after it obtained court protection from creditors under the Companies' Creditors Arrangement Act.CanadaJul 9, 2020
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DavidsTea files for bankruptcy protection while negotiating with landlordsDavidsTea is seeking court protection from creditors while it negotiates leases for many of its stores.EconomyJul 8, 2020
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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.MoneyFeb 27, 2017
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