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Starbucks to sell tepid Tazo tea brand to Unilever for US $384 million

Indiaretailing Bureau - November 3, 2017

Coffee shop chain Starbucks said on Thursday it will sell its Tazo tea brand to Unilever for $384m to focus on its Teavana line, amid disappointing quarterly results. “With our growth strategy for premium tea exclusively focused on Teavana, we...

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