Deals
Unilever to Sell Its Italian Frozen Food Businesses
This article is for subscribers only.
Unilever, the world’s second-biggest consumer products company, will seek a buyer for its Findus frozen food business in Italy as it shifts away from local labels to focus on international brands.
Selling Findus, which has annual sales of more than 450 million euros ($599 million), would allow the company to boost “investment in brands which will deliver higher levels of growth and shareholder value,” James Hill, chairman of Unilever Italy, said in a statement today.