Table of Contents
Unilever studies selling some of its British brands
Unilever is exploring the possibility of selling some of its British brands as part of a wider effort to reduce its product range.
The FTSE 100 consumer goods giant is considering selling smaller food brands in the UK and other European countries, according to a Reuters report. It has hired bankers from ABN Amro to carry out the sale of Dutch brands, the report added.
British brands that could be sold were not named. Unilever declined to comment.
The move is part of a turnaround plan led by boss Hein Schumacher to focus the company on its most important brands.
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 United Kingdom, the company’s leading food brands include spreads such as Marmite and Bovril, Colman’s mustard and Pot Noodle.
Another part of Schumacher’s plan involves the company abandoning its “virtue signaling” agenda.
DIY INVESTMENT PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-to-use portfolios
Hargreaves Lansdown
Hargreaves Lansdown
Free Fund Trading and Investment Ideas
interactive inverter
interactive inverter
Fixed fee investing from £4.99 per month
sax
sax
Get £200 back in trading fees
Trade 212
Trade 212
Free trading and no account commission
Affiliate links: If you purchase a This is Money product you may earn a commission. These offers are chosen by our editorial team as we think they are worth highlighting. This does not affect our editorial independence.