Coup At Revolution Tea; David Watson, Co-Founder of Philosophy, Acquires ''America's Tea Company''.Business Editors TEMPE, Ariz.--(BUSINESS WIRE)--Oct. 16, 2002 Revolution Tea, America's Tea Company, announces the sale of the company to David Watson David (or Dave) Watson can refer to:
Figures were not disclosed. Revolution Tea, which was founded in 1998, specializes in high-quality loose-tea, both hot and iced, for the consumer marketplace, and the restaurant and hospitality industries. The current management will be kept in place at Revolution Tea, with founder Larry Lar´ry n. 1. Same as Lorry, or Lorrie. DeAngelis maintaining his title as chief executive officer. With the closing of the sale, Watson becomes president of Revolution Tea. Part of Watson's new role as president of Revolution Tea will be to streamline the distribution process, open up new channels, grow the restaurant and hospitality segments and launch a new retail strategy. "I am very excited to have David on board as owner and president of Revolution Tea," said Larry DeAngelis, founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Revolution Tea. "David brings a vast expertise on consumer products and packaging from his past ventures, and will help lead Revolution Tea to the next level." Watson was also co-founder of Philosophy, in charge of sales and operations. While no longer involved in day-to-day work, Watson helped establish Philosophy as the pre-eminent pre·em·i·nent or pre-em·i·nent adj. Superior to or notable above all others; outstanding. See Synonyms at dominant, noted. [Middle English, from Latin prae line of health and wellness skincare. Philosophy's product line extends from skin care to hair care, with products sold throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in top department stores This is a list of department stores. In the case of department store groups the location of the flagship store is given. This list does not include large specialist stores, which sometimes resemble department stores. , skin care boutiques and through its Web site. Prior to Philosophy and Revolution Tea, Watson co-owned BioMedic, founded in 1990. The company, acquired by the L'Oreal Group in May 2001, specializes in skin care products to accompany dermatology dermatology (dûrmətŏl`əjē), branch of medicine concerned with diagnosis and treatment of diseases and disorders of the skin. and plastic surgery treatments. BioMedic's line includes more than 60 products in 25 different countries, and at the time of the sale was making a profit in excess of $4 million. Revolution Tea, America's Tea Company, was founded in 1998 with a mission to bring a better tasting tea to tea drinkers everywhere. With its distinct packaging, unique mass-infuser nylon nylon, synthetic thermoplastic material characterized by strength, elasticity, resistance to abrasion and chemicals, low moisture absorbency, and capacity to be permanently set by heat. After 10 years of research E. I. tea bags, and full-leaf 'chunky' tea, Revolution Tea has won the American Tasting Institute's Gold Taste Award three times. Available for the hospitality industry, restaurants and coffee shops and for consumers, Revolution Tea offers more than 20 different tea experiences for everyone's taste. For more information on Revolution Tea, please visit its Web site at http://www.revolutiontea.com. Drink It In! |
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