Reported 2 days ago
Lipton Teas and Infusions has sold two tea factories located in Rize, Türkiye, to local company Öz-Gür Çay as part of its strategy to focus on core operations. The deal, which awaits approval from Türkiye's competition authority, reflects Lipton's commitment to enhancing its blending and packaging capabilities after investing in a new facility in western Türkiye. The company's recent leadership change also includes the appointment of Marc Busain as CEO.
Source: YAHOO