Fallout from Kraft’s recent failed £115bn takeover bid of Unilever continues, with the Conservative Party likely to pass legislation making foreign takeovers of British firms more difficult in the near future.
Unilever has said it will be selling its margarine business, which includes staple UK brands Flora and Stork, to streamline its food portfolio to reduce costs and raise profit margins as a reaction to Kraft Heinz’s failed takeover bid.
Unilever wants to sell its margarine business.
Consumer goods giant Unilever unveiled plans to sell its margarine unit today, as part of its broader three-year restructuring programme.
The Veggy Cornetto, a soy-based ice cream, is hitting the shelves this summer, making vegans very happy.
Unilever is exploring a new marketing channel – a Pokemon Go-like mobile app game, where people have an opportunity to win prizes.
Unilever has rejected a $143bn takeover bid from Kraft Heinz, the US food giant, saying the offer was too low.