Packaged consumer goods company Unilever on Thursday said it intends to retain its tea businesses in India and Indonesia, months after it announced a global a strategic review of the packaged tea business. Its tea business in other markets will be built as a separate entity going forward.
“In January Unilever announced a strategic review of its global tea business, which includes leading brands such as Lipton, Brooke Bond and PGTips. This review has assessed a full range of options. We will retain the tea businesses in India and Indonesia and the partnership interests in the ready-to-drink tea joint ventures,” the Anglo-Dutch company said on Thursday when it also announced first half results for 2020.
The remainder of the tea business will be hived off into a separate entity.