Unilever to acquire TAZO brand from Starbucks

Unilever to acquire TAZO brand from Starbucks

Unilever announced an agreement to acquire the TAZO® brand from Starbucks. TAZO® is a leading brand in the fast-growing specialty tea category. Under the asset purchase agreement, Unilever will acquire the TAZO® brand and all related intellectual property, signature recipes and inventory for US$384 million. The transaction represents a multiple of 10 times pro forma […]

Unilever forms partnership with the European Vegetarian Union

Unilever forms partnership with the European Vegetarian Union

Unilever has established a pioneering partnership with the European Vegetarian Union (EVU) which will see around 500 products printed with the EVU’s well-known V-label on pack. This is the first time such a large collection of brands will be covered by the EVU’s scheme. Catering for the rising trend in flexitarian and vegetarian eating, the […]

Morrisons increases Marmite price by 12.5%

Morrisons increases Marmite price by 12.5%

Morrisons has hiked the price of Marmite in its UK supermarkets by 12.5 for percent. A 250 gram jug of Marmite will now cost £2.64 in Morrisons, reports industry magazine The Grocer. Unilver, makers of Marmite has asked Tesco to increase its price in October. That led to ‘Marmitegate’ row between the supplier and the […]

Marmite on top gear at Tesco

Marmite on top gear at Tesco

  Marmite sales have soared high since the high profile row between makers Unilever and Tesco, it was reported yesterday. The spark between the two giants literally pushed up sales by 61% compared to the same period last year. Customers grabbed an extra £335,000 worth of marmite jars when it hit the headlines in a […]

Unilever Trading Beat Estimates

Unilever Trading Beat Estimates

  Unilever reported its third-quarter sales increase that beat all the estimation levels and thanks to increased demand of its Ben & Jerry’s and Magnum ice creams in the United States and Europe during the summer season. Mentioning the revenue rose of 3.2 percent, Rotterdam and London based Unilever when compared with the 2.8 percent […]