AMSTERDAM (Reuters) – Unilever (LON:) is seeking to promote a number of meals manufacturers which have mixed gross sales of round 1 billion euros ($1.05 billion), Chief Govt Officer Hein Schumacher advised Dutch monetary each day FD in an interview printed on Monday.
Schumacher didn’t specify which manufacturers Unilever desires to promote as a part of its earlier introduced plans to streamline its meals enterprise.
Sources advised Reuters earlier this month the corporate was exploring the sale of a few of its Dutch meals manufacturers, together with Unox soups and Conimex seasonings, and was additionally attempting to promote smaller meals manufacturers in Britain and different nations in Europe.
Unilever, dwelling to about 400 manufacturers worldwide, has over the previous yr been attempting to recalibrate its operations to focus extra on advertising its high 30 “power” manufacturers and streamlining its enterprise, notably in Europe. In March, Unilever stated it could spin off its ice cream unit, dwelling to manufacturers reminiscent of Magnum and Ben & Jerry’s.
Schumacher advised FD he aimed to slim down the “rather eclectic portfolio of food brands,” with a deal with sauces, condiments and merchandise for eating places and different skilled kitchens.
However not each model that doesn’t match that description should go, he added.
“We are not conducting a fire sale. There will always be brands that are not a perfect strategic fit, but that will remain part of Unilever,” Schumacher stated.
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