Unilever to slim down but not spin off food business, says chief

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Financial Times 14h ago

Unilever to slim down but not spin off food business, says chief - Financial Times

Quick Summary:

Schumacher’s pledge not to demerge the food business — whose other brands include Colman’s, Pot Noodle and Marmite — brings clarity to Unilever.

A separation and sale of the division was previously explored as a way to fund the acquisition of GSK’s consumer health business but the pharmaceutical group rejected Unilever’s £50bn bid in 2022.

Schumacher added that he had “left the door open” to offers.“We’re talking to governments, to authorities, but also to stock exchanges, the banks, etc” Schumacher said of the planned initial public offering.“We’re gathering all the facts to make the right call for that business.