Unilever Considering Sale of Iconic British Brands

Unilever, owner of iconic British brands like Marmite, Colmans, and Bovril, is reportedly considering selling these brands due to a shift in focus towards health and beauty items. Marmite, Colmans, and Bovril, which bring in around £200 million in sales annually, may be sold off, while Hellmanns mayonnaise is not expected to be put up for sale. This move is part of Unilevers strategy to streamline their brand portfolio, following the sale of The Vegetarian Butcher and Kate Somerville brands earlier this year. The decision comes amidst challenges due to higher inflation and smaller profit margins. DNN | The Daily News Now! The world’s first global local news network. Every city. Every story. AI powered. Hosted on Acast. See acast.com/privacy for more information.