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Unilever Newsroom
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Unilever Mulls Selling Some Food Brands to Streamline Business
Unilever plans to sell its food brand with annual sales of about 1 billion euros.
Unilever CEO Hein Schumacher stated in an interview on Monday that the company is seeking to sell some food brands under its umbrella, with a total sales amounting to around 1 billion euros (1.05 billion US dollars). Schumacher did not specify which brands Unilever intends to sell, as this is part of its earlier announced plan to streamline its food business. Sources revealed earlier this month that Unilever is exploring the sale of certain Dutch food brands, including Unox soups and Conimex seasonings, and is attempting to sell smaller food brands in the United Kingdom and other European countries.