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Unilever to retain tea biz in India and Indonesia after portfolio review

The announcement is significant, as it brings to an end to months of speculation about the fate of the tea business in India, which is a growing segment for local unit Hindustan Unilever (HUL)

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The India and Indonesia tea businesses along with the other tea joint ventures are valued at $1 billion, analysts said.

3 min read Last Updated : Jul 24 2020 | 1:47 AM IST

Consumer goods major Unilever on Thursday said it would retain its tea businesses in India and Indonesia, following a strategic review that began in January.

The announcement is significant, as it brings to an end to months of speculation about the fate of the tea business in India, which is a growing segment for local unit Hindustan Unilever (HUL).

“In January, Unilever announced a strategic review of its global tea business, which includes brands such as Lipton, Brooke Bond and PG Tips. This review has assessed a full range of options. We will retain the tea businesses in India and Indonesia and

Topics : Unilever Hindustan Unilever HUL Sanjiv Mehta

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