Unilever Sells Iconic British Brands, Focuses on Global Beauty

Unilever, the multinational consumer goods company, is reportedly considering selling off several of its well-known British brands, including Marmite, Colmans, and Bovril, as part of a larger strategy by its new CEO, Fernando Fernandez. This move aims to streamline the company and focus more on beauty and personal care products with global appeal. The potential sale of these iconic brands, which generate an estimated two hundred million pounds in revenue, marks one of the biggest disposals since Fernandez took over. Unilever has also spun off its entire ice cream division and sold the beauty brand Kate Somerville, highlighting its commitment to reshaping its portfolio and focusing on core strengths and global reach.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.