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Unilever sells Lipton for 4.5 billion euros

Cvc Capital acquires the entire tea and infusions division

Unilever announced the sale of the global tea business to CVC Capital Partners for € 4.5 billion, concluding a division review and spin-off that lasted more than two years.The business sold, called "Ekaterra", hosts a portfolio of 34 tea brands including Lipton, PG Tips, Pukka Herbs and Tazo (the latter purchased just over 3 years ago by Starbuck's) and generated in 2020 a turnover of 2 billion e...

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EFA News - European Food Agency