Food back in focus for Unilever
After steadily shedding food brands over the past few years, Unilever P.L.C. said it is now ready to…After steadily shedding food brands over the past few years, Unilever P.L.C. said it is now ready to recover its position in the category.
“The actions we’ve taken so far have stabilized performance, and we are ready to accelerate food beyond the 1.5% per year on average that we’ve done over the last five years,” said Paul Polman, chief executive officer, during a Jan. 21 call with financial analysts to discuss fiscal 2013 earnings. “Food remains a highly cash-generative business, and as our portfolio increasingly focuses on our big global brands and a clear way forward for spreads, it is increasingly becoming ready to grow again.”