Unilever CEO plans to sell food brands with $1 billion in sales to streamline business

From Investing.com: 2024-12-02 01:15:40

Unilever is looking to sell food brands with sales of around 1 billion euros. CEO Hein Schumacher aims to streamline the company’s food business, focusing on top brands like Magnum and Ben & Jerry’s. Brands like Unox soups and Conimex seasonings may be sold as part of this effort, with a focus on condiments and products for professional kitchens. Schumacher emphasized that not every brand will be sold, as Unilever is not conducting a fire sale.



Read more at Investing.com: Unilever CEO looking to sell food brands with $1 billion in sales, FD reports By Reuters