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Unilever May Consider Possibility of Spinning Off Food Business
Ask AI · How does Unilever’s divestment of its food business accelerate its transformation into the beauty and health sectors?
According to sources, Unilever is in the early stages of considering divesting its food assets. The company is seeking to further streamline its expanding product portfolio. Sources reveal that this UK-Dutch consumer goods giant is consulting with advisors on future development plans, including the possibility of divesting most or all of its food business. Some insiders say the company is currently in the preliminary assessment phase, considering options such as a complete divestment, retaining some well-known brands, or divesting other businesses, but it may not reach any deal before 2027. (Sina Finance)