SUBTOPIC: Woolfson, Daniel (4 July 2022)
– Ekaterra appoints new CEO and chair
SUBTOPIC: Cavale, Siddharth (18 November 2021)
– Unilever bags $5 billion deal with CVC for tea business
SUBTOPIC: Massoudi, Arash; Wiggins, Kaye; Evans, Judith; Gara, Antoine (18 November 2021)
– CVC agrees to €4.5 billion deal to buy Unilever’s tea business
SUBTOPIC: Berry, Kim (6 July 2022)
– Unilever completes sale of tea business
SUBTOPIC: Чай Lipton и Brooke Bond перестанут продавать в России
– rbc.ru (in Russian) 1 August 2022
Lipton Teas and Infusions is a private company based in Rotterdam, Netherlands, that produces tea and other herbal drinks. It was formed in 2021 as a distinct division within Unilever as part of a plan to divest the majority of its tea-making business and was initially named Ekaterra. Unilever retained businesses in India and Indonesia, as well as its Lipton iced tea joint venture with PepsiCo.
 | |
| Formerly | Ekaterra (2021–2023) |
|---|---|
| Company type | Private |
| Industry | Drink |
| Predecessor | Unilever |
| Founded | 2021 |
| Headquarters | , Netherlands |
Area served | Worldwide |
Key people |
|
| Products | Tea |
| Brands |
|
| Owner | CVC Capital Partners |
Number of employees | 17,000 (2024) |
| Website | www |
The private equity firm CVC Capital Partners reached an agreement in November 2021 to purchase the division for €4.5 billion. The sale was completed in July 2022.
A month after the sale, the company announced its withdrawal from the Russian market. The current situation in the country "does not allow the company to develop its business steadily", said an Ekaterra spokesman.