Unilever's Foods Split Could Make it Fastest-Growing Consumer Staple Behind L'Oreal
Dow Jones
2 hours ago
0700 GMT - Unilever is increasingly attractive as a higher-margin business following the separation of its foods unit, analysts at Barclays say. It could now be the fastest-growing consumer staples company after L'Oreal, the analysts say, following comments from CEO Fernando Fernandez and Hindustan Unilever Limited CEO Priya Nair at the Barclays Global Consumer Staples Conference. Management sounded confident and convincing at the presentation, and India is a particularly desirable opportunity--making up a sizeable part of group revenue after the split, the analysts say. Unilever's foods business is expected to combine with McCormick next year.
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