Unilever quiet on ‘plans to sell Dutch food brands' [Yahoo! Finance]
Unilever PLC (UL)
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Source: Yahoo! Finance
The Bovril brand owner declined to comment on the issue when approached by Just Food Three sources close to the matter told global news agency Reuters yesterday (14 November) that the Hellmann's mayonnaise maker is mulling the sale of brands such as Unox and Conimex. Unox is a line of prepared soups and noodles, while Conimex encompasses snacks and spice mixes, among other products. The Knorr stock cubes producer has reportedly hired local banking group ABN Amro to assist with the sale of such assets. Reuters ' sources said the move was was part of CEO Hein Schumacher's goal of honing in on its so-called "power" brands. They added that the affected brands were not core to Unilever, and that combined, they had profits of around €40m ($42.3m). The sources also told Reuters that the company was looking to hand off smaller food brands in the UK and other European countries. Unilever is now one year into its Growth Action Plan, which is focused on “faster growth; productivit
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