Unilever has wrapped up the €4.5 billion sale of ekaterra tea business to the CVC Capital Partners Fund VIII. ekaterra has a portfolio of 34 brands such as Lipton, PG tips, Pukka, T2, and TAZO. The deal was announced in November 2021. It excludes the tea business of Unilever in India, Indonesia, and Nepal and […]
UK-based consumer goods company Unilever has agreed to divest ekaterra, its global tea business, to CVC Capital Partners Fund VIII for a sum of €4.5 billion. ekaterra has a portfolio of 34 brands that include Lipton, Pukka, PG tips, TAZO, and T2. In 2020, the tea business of Unilever had earned revenues of nearly €2 […]