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Unilever, the world’s second-largest consumer goods company, is undertaking a comprehensive review of its business as it seeks to lift shareholders’ returns.
Coming after the failed takeover bid by Kraft Heinz last month, the London- and Rotterdam-based firm’s plan includes examining all options pertaining to its portfolio, cutting costs and deploying cash for making medium-sized acquisitions.
The first move in this regard has been made with the Anglo-Dutch major contemplating a $7.4-billion sale of some of its food brands in the butter and margarine categories. This is expected to trim Unilever’s foods division, which contributes 40 per cent to its
