Unilever will slim down but not spin off its food division, its chief executive has said, as the London-listed consumer goods group presses ahead with the listing of its ice-cream unit. Hein Schumacher, who has launched a turnaround plan for the FTSE 100 group, has identified several food brands to “prune”, amounting to about £1bn in sales revenue, he told the Financial Times. Unilever’s food business generated €13.
” Unilever unveiled a new set of strategic priorities on Friday, including focusing investment in its best-performing emerging markets such as India, Indonesia and Brazil, accelerating growth of its premium brands in the US and taking its high-margin beauty and wellbeing businesses international. The company also reiterated its medium-term target for mid-single-digit sales growth and volume growth of 2 per cent. The company expects to achieve €800mn in cost savings by the end of next year.
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