Eveready plans to restructure tea business
Tuesday, February 21, 2017, 10:22 AM
Battery maker Eveready Industries India Ltd, said its board approved a plan to revamp the company’s packet tea business, which could be made into a subsidiary in future. Eveready is looking to restructure the tea business to take on market leaders Hindustan Unilever and Tata Global Beverages. Eveready may align its packet tea business with McLeod Russel India, the world’s biggest tea plantation company.