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Unilever Drops 3.74% as CEO Plans to Sell Plant-Based Brand
Generated by AI AgentAinvest Movers Radar
Monday, Apr 7, 2025 5:39 am ET1min read
On April 7, 2025, Unilever's stock experienced a 3.74% drop in pre-market trading, reflecting investor concerns and market dynamics.
Unilever has announced plans to sell its plant-based meat brand, The Vegetarian Butcher. The decision comes as the company's new CEO, Fernando Fernandez, acknowledges that the brand's unique supply chain and technology do not align well with Unilever's broader food portfolio. Potential buyers, such as Vivera, a Dutch plant-based food company, are being considered for acquisition. This move is part of Unilever's strategy to focus on core businesses and optimize its portfolio.
Unilever's stock has been a topic of discussion at the Fundsmith 2025 Annual Shareholder Meeting, where CEO Terry Smith and Chief Investment Officer Julian Robbins addressed the company's management and strategic direction. Smith highlighted the challenges faced by Unilever's previous management, including declining margins and market share, and expressed optimism about the new CEO's ability to turn the company around. The new CEO's experience in managing operations in multiple currencies and his focus on improving profitability have been noted as positive factors.
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