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UNA Unilever PLC

48.50
0.44 (0.92%)
30 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Unilever PLC EU:UNA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.44 0.92% 48.50 48.26 48.50 48.55 48.08 48.14 1,853,341 16:40:00

Unilever Looking to Reposition Portfolio Into Higher Growth Categories

17/01/2022 7:59am

Dow Jones News


Unilever (EU:UNA)
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From May 2021 to May 2024

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By Kyle Morris

 

Unilever PLC said Monday it has decided that its future is in materially expanding its presence in higher-growth categories such as health, beauty and hygiene after it completed a strategic review.

The Anglo-Dutch consumer-goods group made the announcement following the reporting of its interest in GSK Consumer Healthcare over the weekend. On Jan. 15, Unilever said it had approached GlaxoSmithKline PLC and Pfizer Inc. about a deal for their consumer-healthcare joint venture, potentially valued at $68 billion.

Unilever said Monday the health, beauty and hygiene categories offer higher rates of sustainable market growth. Major acquisitions and accelerated divestment of lower growth brands and businesses will form part of the strategy, it said.

A major initiative to enhance performance will be announced later this month, the company said.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

January 17, 2022 02:44 ET (07:44 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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