Word: tetley
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...players have found it hard to adjust to England, English managers seem to fare better in Thailand. A journalist once asked Peter Withe if he missed home, and his pithy reply said more about globalization than a stack of doctoral theses: "Not really. You can get a pint of Tetley's pretty much anywhere these days." Peter Reid - older, wiser and apparently with expletives depleted - also seems comfortable in Thailand. "It's an adventure," he says. "Even though you do miss home, I can get English radio through me laptop and the Premier League and European games are always...
...Britain and India are irrelevant. Far from it. Indian companies have been on a buying spree over the past few years, snapping up companies across the globe. Some of the biggest and most high-profile have involved British firms (Tata Motors' parent company, alone, has bought tea makers Tetley and steel giant Corus) and that's likely to continue, not only because Britain is a vibrant, open economy but because the shared history does count for something. "More than 200 years we were together," says Kochhar. "And any people who speak the same language have an understanding. Irrespective...
...INDIAN BUYER: TATA TEA Part of the giant Tata conglomerate; owns Tetley Tea COMPANY ACQUIRED: ENERGY BRANDS (U.S.) Maker of Glaceau bottled water and vitamin drinks PRICE: $677 million (30% stake) DATE: August...
...multiplied the Tata group revenues seven times to an annual $21.13 billion. Since 2000, the group's market value has multiplied almost 18 times to $49.1 billion. For the past six years, Tata has been on a $1.9 billion shopping spree that has netted Britain's Tetley Tea, South Korea's Daewoo Commercial Vehicles, Singapore's NatSteel and New York City's Pierre Hotel, among more than a dozen other acquisitions...
Tata signaled a new prominence for the emerging Asian conglomerate in 2000 when the most Indian of brands bought one of the most English, Tetley Tea. At $435 million, the deal was the biggest in Indian history. For Tata, buying an iconic Western brand was not the goal. Growing Tata Tea was. "We look for the acquisition of companies that fill a product gap or have a strategic connection with what we do, wherever that company might be," he says. The same holds true for the latest steel deal: it fills a gap. Corus makes a wide range of high...