Unilever is exploring whether to sell some of its British brands
Unilever is exploring whether to sell some of its British brands as part of a wider effort to slim down its product range.
The FTSE 100 consumer goods giant is considering the sale of smaller food brands in the UK and other European countries, according to a Reuters report. It has lined up bankers at ABN Amro to conduct the a sale of Dutch brands, adds the report.
The British brands that could be sold were not named. Unilever declined to comment.
The shift forms part of a turnaround plan spearheaded by boss Hein Schumacher to focus the company on its biggest ‘power’ labels.
Earlier this year, Unilever said it would spin off its ice cream unit, home to brands such as Magnum and Ben &
Jerry’s. In the UK, the firm’s most notable food brands include spreads such as Marmite and Bovril, Colman’s mustard and Pot Noodle.
Another part of Schumacher’s plan involves the company ditching its ‘virtue-signalling’ woke agenda.
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