Unilever’s Acquisition of the TAZO Brand from Starbucks

On November 2, 2017, Unilever announced that it has entered into an asset purchase agreement to acquire the TAZO brand, a leader in the fast-growing specialty tea category, from Starbucks for $384 million. Cravath is representing Unilever in connection with the transaction.

The Cravath team is led by partners Aaron M. Gruber and Mark I. Greene and includes associates G.J. Ligelis Jr., Alex L. Winkelman and Edward O. Minturn on M&A matters; partner Andrew W. Needham and associates Kiran Sheffrin and Andrew T. Davis on tax matters; partner David J. Kappos and associate Nicholas Kypriotakis on intellectual property matters; partner Christine A. Varney and senior attorney Jesse M. Weiss on antitrust matters; and partner Matthew Morreale on environmental matters.