Unilever buying herbal tea maker

PG Tips owner Unilever is upping its bet on the rise of herbal teas by snapping up Bristolbased Pukka Herbs for an undisclosed sum.

It gives the consumer goods giant a stronger foothold in the global herbal, fruit and green tea market, estimated to be worth around £1.5 billion. Unilever did not disclose the terms of the deal with Pukka yesterday.