Makaibari owner buys 80% in UK's Brew Tea Co
Luxmi Group acquired an 80% stake in the company, while the remaining 20% remains with the existing promoters. After Tetley and Typhoo, this acquisition marks another British tea company being acquired by an Indian corporate, though it may not be of the same magnitude.
Brew Tea Co was founded in Manchester by Phil and Aideen Kirby and has grown into a specialty tea brand, having a revenue between 5 million-10 million pounds (around Rs 100 crore).
According to Brew Tea, its subscription service, delivering 500g of loose leaf or proper tea bags on a regular basis, now reaches nearly 10,000 homes across the UK - "brewed in over 40,000 kitchens".
For most of its history, India produced orthodox whole-leaf teas. Since the 1950s, CTC (crush-tear-curl) processing revolutionised tea by enabling mass production, faster brewing and lower costs. Today, over 80% of India's tea production is CTC.
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