Unilever Ropes In Morgan Stanley To Launch Bid For Sale Of Its Non-Core Beauty Brands: Report
Portfolio Pulse from Shivani Kumaresan
Unilever has engaged Morgan Stanley and Evercore to sell some of its non-core beauty and personal care brands, including Q-Tips and Impulse. This move is part of a strategy to streamline the business amidst inflation. The portfolio, known as Elida Beauty, posted about $760 million in revenue in 2022. Unilever reported a 9.1% sales growth in the first half of FY23.
September 21, 2023 | 1:08 pm
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NEUTRAL IMPACT
Evercore has been hired by Unilever to facilitate the sale of its non-core beauty brands.
Evercore's involvement in the sale of Unilever's non-core assets could potentially bring in revenue for the bank. However, the exact impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Morgan Stanley has been hired by Unilever to facilitate the sale of its non-core beauty brands.
Morgan Stanley's involvement in the sale of Unilever's non-core assets could potentially bring in revenue for the bank. However, the exact impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Unilever is selling non-core beauty brands to streamline its business amidst inflation. The company reported a 9.1% sales growth in the first half of FY23.
The sale of non-core assets is a strategic move by Unilever to streamline its business and manage inflation. This could potentially impact the company's financial performance, but the exact impact on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100