US: Unilever mulls Skippy sale
By Katy Askew | 4 October 2012
 |
Unilever considers Skippy sale |
Unilever has confirmed it is considering the possible sale of its US peanut butter brand, Skippy.
A spokesperson for the group told just-food that following its recently completed strategic review the consumer goods giant has "decided to explore various options" for its Skippy business in the US and Canada.
"The ultimate objective will be to identify the best way forward for Skippy's continued growth and profitability and for it to remain an iconic, consumer-loved brand," the spokesperson said.
In July, Unilever flagged lower profit and warned of a worsening global economy.
The maker of Ben and Jerry's ice cream has focused its growth efforts on its faster growing personal care and household business as well as stepping up expansion in emerging markets.
Meanwhile, the firm has looked to prune its food business in a bid to increase profitability and recently completed the sale of its Bertolli and PF Changs frozen brands in the US to ConAgra.
Sectors: Condiments, dressings & sauces, Mergers & acquisitions
View next/previous articles
5 Oct 2012 -
Currently reading -
US: Unilever mulls Skippy sale
Related research
Unilever Plc - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investment Report
Datamonitor's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage....
Unilever PLC (ULVR) - Financial and Strategic SWOT Analysis Review
Unilever PLC is the world's leading supplier of fast moving consumer goods. The company offers products to cater consumer needs for nutrition, hygiene and personal care. Unilever's portfolio consists of household care, laundry products, deodorants, h...
Hindustan Unilever Limited (HINDUNILVR) - Financial and Strategic SWOT Analysis Review
Hindustan Unilever Limited (HUL) is one of the largest fast moving consumer goods company in India. The company, a subsidiary of Unilever, sells Foods and Home and Personal Care brands in various countries worldwide. The company, along with its subsi...
Related articles
Interview: Divine Chocolate battles pressure on Fairtrade specialists
UK-based Divine Chocolate was one of the first Fairtrade-only FMCG brands when it launched in 1998. However, the entry of larger, mainstream companies into the category, while increasing awareness of Fairtrade and boosting sales, has had an impact on the specialists. Divine commercial director David Francis spoke to Dean Best about competition, retail support for Fairtrade and the promotional battle in the UK.
UK: Divine Chocolate calls for ethical buyers targets
UK Fairtrade chocolate specialist Divine Chocolate has called for buyers to have "ethical" targets.
just-food's research round-up: Global fruit and vegetables, grocery retailing in Mexico
The latest batch of reports from the just-food research store includes mergers and acquisitions in the ingredients industry, a global fruit and vegetable industry guide, and grocery retailers in Mexico.
Read more on this hot issue
Hormel acquires SkippyHormel Foods has acquired Skippy, the second-largest peanut butter brand in the US, from Unilever. Through the deal, Hormel hopes to bolster its overseas presence and grow the domestic business through innovation. For its part, Unilever believes that a more focused US portfolio will yield better results.
There are currently no comments on this article
Be the first to comment on this article