Unilever is focused on preserving the value of its Flora-to-Becel spreads unit and investing the cash from the under-pressure division into other parts of its operations - but will continue to look at options for the business were sales to remain in decline.
Unilever CEO Paul Polman left investors with no illusions today (21 July) when he reported the company's second-quarter results: trading is tough and the company expects it to get tougher. As a result, Unilever is "working harder" to drive gains and expand its share. Here is how.
Weak consumer sentiment in some emerging economies and growing demand for value from consumers in developed markets weighed heavy on Unilever's list of first-quarter woes, alongside ongoing challenges in its spreads division. But on an investor call to discuss its sales for the opening months of 2016, the Flora owner highlighted innovation centred around the growing interest in health and wellness and a string of cost-saving initiatives as measures to drive its performance this year.