Coffee Bean and Tea Leaf, Inc. is a subsidiary of Starbucks Corporation. The company was founded in 1987 as a single cafe in Seattle, Washington. As of 2010, Coffee Bean and Tea Leaf operated more than 2,000 cafes worldwide.
The company produces a variety of coffee and tea beverages, including iced coffee, hot tea, iced tea concentrate, chai tea, latte, mocha, and frappuccino. In 2009, Coffee Bean and Tea Leaf acquired Tully’s Coffee and Tea, a Seattle-based chain with 44 locations.