Unilever’s new Chief Executive Officer Fernando Fernandez expects to accelerate the company’s turnaround plans by selling a number of underperforming brands in the food segment.
In a fireside chat with Barclays Head of Consumer Staples Warren Ackerman, published on Unilever’s website late Monday, the CEO said there are about 1 billion euros ($1.08 billion) of local brands in its foods Europe division that “don’t fit well” with the company’s portfolio.
