Recent development -USA tariff effect
Analysis for brown and company and browns investments (browns and co. holds a little over 63% of browns investments)
Browns investments plc acquired 100% ownership of Lipton Teas and Infusions Rwanda Limited and Tanzania Limited, along with 98.56% of Lipton Teas and Infusions Kenya Plc and 51.99% of Limura Tea Plc making it the largest tea producer in the world.
USA tea market is 10b USD(based on publicly available data), USA accounts for 9.6% of Chinese tea exports which is about 6.1b usd (based on publicly available data). With the tariff advantage it’s fair to assume that browns will capture a significant portion of that market since African countries in which their tea companies are based only has a 10% tariff.
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