Unilever Looking to Reposition Portfolio Into Higher Growth Categories
January 17 2022 - 2:59AM
Dow Jones News
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)
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