30 Jan 2020 --- Under Unilever’s strategy to “evolve” its portfolio to higher growth spaces, the British-Dutch food giant has announced a strategic review of its global tea business. These include long-established brands such as Lipton, Brooke Bond and PG Tips. In its financial report for the full-year 2019, the company highlights that tea saw price-led growth, however volumes declined due to subdued consumer demand for black tea in developed markets. The strategic review will consider all options for Unilever’s tea business and is expected to conclude by mid-year.
