Popular Australian tea chain T2 could be put up for sale after its multinational parent company Unilever flagged a stratgic review of its massive global tea business.
The British-Dutch consumer goods behemoth told investors last Friday morning it was cooling on its €3 billion tea division after a sustained period of low sales growth, which it attributed to shifting consumer preferences and a drift away from traditional black tea to herbal varieties.Unilever's chief executive Alan Jope said on an earnings call with investors the company would conduct a stategic review of its tea business and T2 would be included in the reivew.
"The black tea drinkers are getting older and consuming less and will start to fall over and that is actually the fundamental problem," he said. T2's specialty lies in its unique upmarket blends – such as Lamington, Honey Chai, Peppermint and Watermelon Sorbet brews – and its selection of fancy teapots, mugs, and steepers. At the time of the 2013 acquisition, Unilever mooted plans to expand the Australian success story by opening T2 stores around the world.
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domp So overpriced. How different can it be to any other type of tea?
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New NSW government program offers women free training from business experts | Sky News AustraliaA third of small businesses in Australia are led by women, with 46,000 women starting their own businesses in the past year alone, but now a new government initiative has been launched to ensure these businesses last the distance.\n\nTAFE NSW have committed $7 million to the NSW government's Women in Business program which offers participants free training and advice with top business mentors.\n\nFounder of Torstar and Powerful Steps Tory Archbold told Sky News the initiative allows millions of women to “tap into the hearts and minds” of the best people in practices across business including public relations and marketing.\n\nStarting a business, Ms Archbold said, “gives women the independence, and independence gives people freedom”.\n\n“Once you have freedom you have choice, and when you have choice you have the opportunity to help others”.\n\nImage: News Corp Australia\n\nFor more information: https:\u002F\u002Fwww.nsw.gov.au\u002Fnews-and-events\u002Fnews\u002Fonline-mentoring-program-helping-women-in-business\u002F great news....I’d love to see the stats of women who run their own business and which side of the political divide they are...dare say those on the left would be very low That’s sexist. Not that I care; but that’s how it seems. Please educate me if I’ve got it wrong. P.S there’s no need to abuse me. who's having the kids or do we just import the next generation?
Source: SkyNewsAust - 🏆 7. / 78 Read more »