© Reuters. FILE PHOTO: Klondike, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. REUTERS/Andrew Kelly/File PhotoLONDON -Unilever's new chief executive Hein Schumacher on Thursday laid out plans to simplify the business and deliver faster growth after admitting it had underperformed in recent years.
Schumacher, who took up the role in July, said the company would now focus on 30 key brands which account for 70% of its sales. It will focus on improving its gross margin and not undertake any major or transformational acquisitions, he said. Unilever reported a 5.2% rise in underlying sales, meeting analysts' average forecast, a company-provided consensus showed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unilever quarterly sales meet estimates as prices riseUnilever (ULVR.L) met market expectations for third quarter sales growth after raising prices at a slower rate but still failing to win back some shoppers who traded down to cheaper products during a cost of living crisis.
Source: Reuters - 🏆 2. / 97 Read more »
Unilever Promotes U.S. Head to Be Its New Marketing ChiefConsumer-products veteran Esi Eggleston Bracey has emphasized purpose-driven marketing at Unilever
Source: WSJ - 🏆 98. / 63 Read more »
Great American Family CEO Talks Candace Cameron Bure Backlash, MoreGreat American Family boss Bill Abbott on the network's growth, Candace Cameron Bure's role and the backlash.
Source: Variety - 🏆 108. / 63 Read more »
Microsoft CEO says company could have made Windows Phone workAnam Hamid is a computer scientist turned tech journalist who has a keen interest in the tech world, with a particular focus on smartphones and tablets. She has previously written for Android Headlines and has also been a ghostwriter for several tech and car publications.
Source: PhoneArena - 🏆 322. / 59 Read more »
Spotify CEO Daniel Ek is one of the biggest whiners in techSpotify's CEO thinks Apple ought to make it easier for rival services to operate their business on its devices.
Source: BGR - 🏆 234. / 63 Read more »
EXCLUSIVE: Israeli CEO Said Goodbye to His Kids, then Raced to Fight the TerroristsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Source: BreitbartNews - 🏆 610. / 51 Read more »