Today news
About the same in other media
Unilever offloads black tea business as UK passion for cuppa goes cold
Reading now: 746
Unilever has called time on the traditional cuppa with a €4.5bn (£3.8bn) deal to sell its tea business, which includes PG Tips and Brooke Bond, to a European private equity firm.
When the company hoisted the “for sale” sign back in 2020 Unilever’s chief executive, Alan Jope, complained that traditional tea drinkers were dying off, while younger consumers preferred coffee and fashionable herbal teas.
Pointing to falling sales of black tea, he said fans were “getting older and consuming less and
Read more on theguardian.comAbout this in other media
Bee aware: do you know what is in that cheap jar of honey? theguardian.com /3 years ago
BoE chief economist hints at rate rise but new Covid variant fuels doubts theguardian.com /3 years ago
UK block on South Africa flights pushes thousands of travel plans into disarray theguardian.com /3 years ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
