Unilever Plans Sale Of Brands To Appease Angry Shareholders

Unilever said it plans to sell a number of brands worth a total of at least ₤6 billion. Part of the company's efforts to placate shareholders frustrated with the company's rejection of Kraft Heinz's $143-billion takeover bid, the proposed sale will be followed by a range of cost-cutting and restructuring measures. While company CEO Paul Polman does not want to split the company into its food and personal care businesses, he is seen willing to get rid of under-performing brands.