'Unilever In Advanced Talks To Sell Elida Beauty To Yellow Wood' - Reuters News
Portfolio Pulse from Benzinga Newsdesk
Unilever Plc is reportedly in advanced discussions to sell its Elida Beauty division, which houses brands like Q-Tips and Impulse, to private equity firm Yellow Wood Partners. This move is part of Unilever's strategy to divest from non-core assets and streamline its portfolio.
December 14, 2023 | 6:14 pm
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Unilever is in advanced talks to sell its Elida Beauty division to Yellow Wood Partners, indicating a strategic move to divest non-core assets.
The news of Unilever in advanced talks to sell Elida Beauty suggests a positive move for the company, focusing on core businesses and potentially improving financials. This could be viewed favorably by investors, likely leading to a short-term positive impact on Unilever's stock price.
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