Peltz’s Unilever fight is easy; winning is harder

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Nelson Peltz has taken a stake in Unilever, shortly after leaving the board of U.S. rival Procter & Gamble. Unilever’s relative underperformance means other shareholders may be excited to have an activist in their corner: TheRealLSL dasha_reuters

. Unilever’s relative underperformance means other shareholders may be excited to have an activist in their corner . But even if Peltz can exert some influence, winning will prove more of a challenge.

consumer health business triggered a share price slump. Even after a Peltz-inspired bounce on Monday, the $127 billion company’s shares are down 2% in the past three years; P&G shares have risen more than 72% over the same period. The European company’s EBITDA margins, at 22%, are far lower than the 26% reported by its American rival, according to Refinitiv.

 

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TheRealLSL dasha_reuters I'm here to show my appreciation to TarellaCampbel who took me out from zero to hero. I'm so glad to be among your winning team ma'am and I will always show my gratitude and work with you always.

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