THE COFFEE BEAN & TEA LEAF®
OPENS ITS 1,000th STORE LOCATION
WORLDWIDE IN THE HEART OF LOS ANGELES THIS JUNE 2015
The iconic Southern California brand celebrates the milestone with a grand opening event and open house promotion on Thursday, June 25, 2015 during City of Los Angeles designated “The Coffee Bean & Tea Leaf® Week”
(LOS ANGELES, CA)—Today, The Coffee Bean & Tea Leaf®, the largest and oldest privately held specialty coffee and tea retailer in the country, begins brewing at its 1,000th store location worldwide in its home town of Los Angeles. Situated on the ground floor of Wilshire Courtyard office building (5700 Wilshire Blvd), the 2,200 square foot store will serve Angelenos the brand’s premium handcrafted beverages such as single-origin coffees, teas, and The Original Ice Blended® drink currently featured for the summer.
To recognize the momentous occasion, a ribbon cutting event and celebration will take place on Thursday, June 25 beginning at 12:30 p.m. during The Coffee Bean & Tea Leaf® Week, a week-long proclamation made by the Los Angeles City Council in 2013 during the brand’s 50th anniversary. During the open house event, customers are invited to come sample beverages, receive some giveaways and enjoy the ambiance of this new flagship location. Additionally, The Coffee Bean & Tea Leaf® locations throughout Southern California and Arizona will also be celebrating by offering their customers $2 small Ice Blended® drinks from 2 – 6 pm that same day.
“As a brand and company, we are so proud to be opening our 1,000th location globally right here in our company’s birthplace, The City of Los Angeles,” said Jeff Schroeder, SVP of Operations. ‘We look forward to our continued growth, taking The Coffee Bean® experience to coffee and tea lovers all over the world.”
The Coffee Bean® corporate offices relocated to the Wilshire Courtyard office building in the former OWN (Oprah Winfrey Network) space at the beginning of June 2015. The redesigned office space will hold support center employees, and the offices will bookend this new flagship location.
“On behalf of the City of Los Angeles, I applaud The Coffee Bean & Tea Leaf® on the milestone achievement of their 1,000th store location worldwide, appropriately located right here in L.A.,” said Los Angeles Mayor Eric Garcetti. “As Southern California’s iconic specialty coffee and tea retailer, the brand serves as a beacon of our city’s heritage and growth and I wish them continued success for years to come.”
Over the past 50 plus years, the company has grown to be an international icon. The Coffee Bean® continues to focus on its global growth as at the end of this month it will surpass its 1,000th store mile mark opening in nearly 30 countries. In early 2014, three private equity firms—Advent International, Asian-based CDIB Capital, and Mirae Asset Private Equity—embarked in a majority investment in the company to join existing stakeholders, the Sassoon family. With these partners The Coffee Bean & Tea Leaf® continues to build across Southern California and expand into new markets throughout the world such as Japan and, most recently, Panama.
About The Coffee Bean & Tea Leaf®
Born and brewed in Southern California since 1963, The Coffee Bean & Tea Leaf® is the oldest and largest privately-held specialty coffee and tea retailer in the United States. Embodying a passion for connecting loyal customers to one another with carefully handcrafted products, the company is known for sourcing and providing the finest ingredients and flavors from around the world. For more than 50 years, The Coffee Bean & Tea Leaf® has demonstrated a passion for product innovation epitomized by The Original Ice Blended® drink. The company has grown to be an international icon and currently has 1,000 stores in nearly 30 countries. Please visit CoffeeBean.com for more information.
About Wilshire Courtyard
Wilshire Courtyard is a 1,007,986 square foot business campus comprising two six-story Class A office buildings located in the heart of Los Angeles’ Miracle Mile district. Constructed in 1987, this 8.7-acre campus is the location of choice for some of Hollywood’s media entertainment industry biggest names. On-site amenities include more than 125 tiered private balconies providing stunning city views of the Hollywood Hills, recently renovated central plazas, a 16,000-square-foot fitness center, a landscaped park with jogging trail and 2,560 parking spaces in two three-level subterranean parking garages. Wilshire Courtyard achieved LEED® Gold for Existing Buildings™ in 2014.