PG Tips Could Be Sold Off As Brits Swap Tea For Coffee

From: news.yahoo.com

PG Tips and other tea brands could be sold off by food and drink giant Unilever, which blamed “subdued consumer demand” as it announced a review of its black tea business.

PG Tips is one of Britain’s leading tea brands, but figures suggest traditional tea sales have slowed in recent years as coffee and herbal tea have boomed in popularity.

British-Dutch firm Unilever (ULVR.L) confirmed on Thursday it had launched a “strategic review” of its global tea business, which includes PG Tips, Lipton, and Pure Leaf.

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