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Puneet Das elevated as president of packaged beverages at Tata Consumer Products | Marketing

Puneet Das elevated as president of packaged beverages at Tata Consumer Products | Marketing
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Puneet Das elevated as the new president of Tata s packaged beverages for India and South Asia

Puneet Das elevated as the new president of Tata’s packaged beverages for India and South Asia SECTIONS Puneet Das elevated as the new president of Tata’s packaged beverages for India and South AsiaBy Share Synopsis Prior to this promotion, Puneet Das was senior vice president - marketing for the India beverages business. Das has been with TCP since 2017 and handled Tata Tea brand, the world’s second largest tea company. He also formulated the marketing strategy for Tata Coffee Grand. Agencies In the new role, Das will head Tata’s key beverage brands including Tata Tea, Tetley, Tata Coffee Grand, Himalayan Natural Mineral Water and Tata Gluco Plus.

Tata Consumer to divest stake in US-based Empirical Group, Southern Tea

Tata Consumer Products Ltd (TCPL) on Thursday announced exit from its two US-based joint ventures by selling its stake to the JV partner Harris Tea Company LLC. TCPL s step-down subsidiaries in the USA have decided to divest their entire membership interest in Empirical Group LLC and Southern Tea LLC to the JV partner Harris Tea Company LLC, USA (Harris Tea), the company informed in a regulatory filing. The exits from both the JVs are in-line with TCPL s strategy to focus on the core branded business, it added. We hereby inform that the overseas step-down subsidiaries of TCPL in the USA have entered into an arrangement for the sale of its entire membership interest held in Empirical Group LLC (Empirical) and in Southern Tea, LLC (Southern Tea) to its Joint Venture Partner - Harris Tea Company LLC on March 31, 2021, it said

Tata Consumer divests stake in Emprical Group, Southern Tea

Tata Consumer Products (TCPL) said its step-down subsidiaries in the USA have decided to divest their entire membership interest in Empirical Group and Southern Tea to the joint venture partner, Harris Tea Company, USA. Empirical Group is engaged in the business of selling primarily white label tea and coffee in the foodservice channel and to contract customers. Southern Tea is a manufacturing entity acting as a supplier to Harris Tea and TCPL (Empirical, Tetley and Good Earth brands). This move is in line with TCPL s focus on its core branded businesses in International markets. It will help further simplify and streamline the Company s operations to enhance business effectiveness and profitability. Following this transaction, Southern Tea will continue to manufacture for Tetley and Good Earth brands.

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