Argo Tea
Argo Tea began as a chain of tea cafes that was founded in the Lincoln Park community area in Chicago, Illinois, in June 2003. It was headquartered in Chicago's Loop community area. It had more than a dozen locations in the Chicago metropolitan area before expanding in 2010 to New York City, where it opened four locations that year and then expanded to St. Louis and Boston. As of October 2011 the chain had 26 locations and distribution in over 3,000 grocery stores. In its first decade, it has grown simultaneously with the tea market. Its expansion into grocery stores occurred in 2010 and 2011. Arsen Avakian is the current chief executive officer. By spring 2013, it had opened in Beirut with plans to add locations in five Middle East cities by year end.
Argo Tea headquarters on Randolph St. in the Chicago Loop | |
Company type | Private |
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Industry | Restaurants Retail Tea and Coffee Wholesale Tea |
Founded | June 2003 at 958 West Armitage Ave. Chicago, IL 60614 |
Founder | Arsen Avakian Daniel Lindwasser Simon Simonian |
Headquarters | 16 West Randolph St. Chicago, IL 60601 |
Key people | Arsen Avakian, CEO |
Products | Signature tea drinks Loose tea leaves Bottled beverages Coffee Teaware |
Number of employees | 250 |
Website | argotea.com |
Argo Tea primarily sells a variety of hot and cold tea-based signature drinks. In addition, it offers about three dozen international varieties of loose-leaf tea (tea brewed from loose tea leaves, as opposed to tea leaves in bagged tea), coffee, baked goods, small entrées, and teaware. The tea menu included a variety of black, green, white teas, and natural herbal teas, served hot or iced. Argo Tea has formed a special relationship with Whole Foods Market to distribute Argo products. According to the description in Bloomberg Businessweek, Argo's specialty foods include pastries, sandwiches, salads, and quiches. Argo markets from a lifestyle perspective with awareness of modern design and sustainable environment. It also sells audio CDs.
In 2020, Argo Tea began selling bottled tea in Walgreens and other stores, “shifting its focus to a ready-to-drink premium tea line derived from one of its most popular café beverages.” [from cafés], and it was acquired by Golden Fleece. “Golden Fleece Beverages, Inc. took ownership of the Argo Tea brand, and has continued to operate the business as Argo Tea.” Loose tea is sold online.