Unilever under a cloud as sales growth slows - News Summed Up

Unilever under a cloud as sales growth slows


The maker of Ben & Jerry’s ice cream said it was in the process of transforming itelf into a more resilient business Rex FeaturesUnilever, the maker of Dove soap and Ben & Jerry’s ice cream, has reported a muted third quarter with underlying sales growth of 2.6 per cent as it continues to find the market challenging. The consumer goods giant, which defended itself this year against an opportunistic takeover bid from Kraft Heinz, said its growth in the quarter had been adversely affected by poorer weather in Europe and natural disasters in the Americas. It was down from 3 per cent in the first half and well below analysts’ consensus that the Anglo-Dutch consumer group would report organic sales growth of 3.9 per cent. Lower growth this quarter will be a blow for Unilever, which has initiated a host of strategic initiatives and set ambitious targets after…


Source: The Times October 19, 2017 08:03 UTC



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