- September 12, 2018 / 2 min readThe firm has also exited non-core and sub-scale markets to focus on its core regions
Tata Global Beverages Ltd (TBGL) has restructured its overseas operations by bringing international businesses under a single unit. The company has merged businesses in Canada, America and Australia (CAA) and the UK, Europe, Middle East and Africa (EMEA) regions into a single unit.
The firm has also exited non-core and sub-scale markets to focus on its core regions.
TGBL said, "In Russia, the company has restructured its operating model, it has divested its stake in plantations in Sri Lanka, and exited its joint venture business in China."
The company has restructured its overseas operations to unlock synergies for the business, optimise costs and streamline operations.
Ajoy Misra, MD and CEO of Tata Global Beverages, said, "Tata Global Beverages’ ambitious growth plans require us to operate with greater efficiency, reduce our cost base and fully tap the potential synergies across our businesses that operating on a global scale can bring us. This restructuring will help us better focus on core markets and better leverage growth opportunities."
The merged unit will be called international business division. It will be headed by Adil Ahmad, who was the company's Chief Marketing Officer.
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