We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Unilever Plans Sale Of Brands To Appease Angry Shareholders

March 19, 2017: 12:00 AM EST
Unilever said it plans to sell a number of brands worth a total of at least ₤6 billion. Part of the company's efforts to placate shareholders frustrated with the company's rejection of Kraft Heinz's $143-billion takeover bid, the proposed sale will be followed by a range of cost-cutting and restructuring measures. While company CEO Paul Polman does not want to split the company into its food and personal care businesses, he is seen willing to get rid of under-performing brands.
Peter Evans and Daniel Dunkley, "Unilever lines up £6bn sale of Flora and Stork", The Sunday Times, March 19, 2017, © Times Newspapers Limited
United Kingdom
Companies, Organizations
Developed by Yuri Ingultsov Software Lab.