Simon Gwynn
Jan 31, 2020

Unilever full-year results fall short of expectations

FMCG giant to consider sale of tea business as overall profit falls more than a third in disappointing year.

PG Tips

Unilever will consider selling its underperforming tea business in a strategic review announced Thursday, but said it had not reached a conclusion and all options remain on the table.

The division, which includes brands such as Lipton and PG Tips, has dragged down sales and profit at the business over the past decade, chief executive Alan Jope said during an earnings call Thursday. 

Although Unilever reported that total turnover was...

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