Starbucks CEO visits Ferguson location to announce AB-INBEV tea partnership

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FERGUSON, MO (KTVI) – Anheuser Busch And Starbucks are taking the plunge into the ready to drink tea industry. The two companies announcing they will partner up in the growing market.

Studies show 80 percent of tea consumed in the US is iced. Americans are drinking 800 million cups of tea each week.

Starbucks CEO Howard Schultz visited the Ferguson store when the big announcement was made.