who bought the tazo tea brand
Starbucks, which bought Tazo about 18 years ago for $8.1 million, said it will now focus on its Teavana line. Unilever, which owns Lipton, PG Tips and other tea brands, called the deal a perfect strategic fit. Both companies expect the deal to close in the next year. Although Starbucks has been shutting down standalone Teavana stores, it still sells the brand's teas in Starbucks.