JDE Peet’s divests Turkish tea business in bid to simplify operations and boost profits

The Jacobs, L’Or, Tassimo and Douwe Egberts maker is also considering further price hikes across its packaged coffee portfolio to offset rising green coffee costs  

JDE Peet’s has divested its Turkish tea business to boost operating profits in Europe and is considering further price increases across its packaged coffee portfolio to strengthen its bottom line.