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Unilever picks up Tazo brand from Starbucks
SEATTLE — The coffee giant has entered into a deal for Unilever to acquire the assets of the Tazo brand, including its recipes, intellectual property and inventory, for $384 million. Starbucks said the move will allow it to drive a single tea brand strategy focused on its Teavana brand.
Tazo was founded in 1994, and purchased by Starbucks in 1999 for $8.1 million. It is sold primarily in grocery, mass and convenience channels, available in packaged teas, K-Cup pods, and bottled ready-to-drink teas.
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Sabra Dipping Company intros Guacamole with Lime
CHESTERFIELD COUNTY, Va. — Sabra Dipping Company is expanding its line of Guacamole products. The joint venture between PepsiCo and Strauss Group has introduced new Classic Guacamole with Lime. The recipe for this dip starts with a chunky, flavorful fresh Haas avocado for a homemade taste, the company said, noting that a strong burst of lime is then added as a final touch.