In response to slowing sales growth, Unilever PLC is conducting a review of its global tea business, which includes the Lipton and PG Tips brands, reports Food Business News. During a conference call, Alan W. Jope, CEO of Unilever, told analysts that the company will consider “all options” for the business, including a full or partial sale.
“The harsh reality is that two-thirds of our tea business remains core black tea, which is declining,” said Jope. “We have really seen this trend play. It's not a short-term thing; it's a long-term trend, over a decade. We've had a lot of good effort at getting the core black tea back to growth, but we just don't see it happening.” Full Story
Related: Unilever Introduces Ruby Chocolate Ice Cream Bar; Unilever Closes Nevada Ice Cream Plant.
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