-10.45 (-0.88%) Tata Consumer Products has decided to divest its MAP Out of Home coffee business in Australia to Buccheri Group Pty, a Boutique Coffee manufacturer established in Australia in 2007. This divestment does not impact Tata Consumer Products’ existing branded tea business in Australia. This move is consistent with focus on consolidating businesses and enhancing profitability and business effectiveness. This will also help bring greater focus to our core branded tea and coffee businesses in International markets.
Tata Consumer Products (formerly known as Tata Global Beverages) is a focused consumer products company uniting the food and beverage interests of the Tata Group under one umbrella.