Skip to content
Markets
Deals

Unilever Gains After Activist Investor Peltz Builds Stake

  • CEO Alan Jope now has a fox in henhouse, Jefferies says
  • Unilever is revamping strategy after failed bid for GSK unit
Nelson Peltz
Nelson PeltzPhotographer: Patrick T. Fallon/Bloomberg
Updated on

Unilever Plc rose after Nelson Peltz built a stake in the maker of Dove soap, putting pressure on Chief Executive Officer Alan Jope to accelerate a revamp.

Peltz’s Trian Fund Management has amassed a holding in London-based Unilever over the past few months, according to people familiar with the matter, who asked not to be identified because the plans are private. The exact size and Peltz’s intentions couldn’t be immediately learned.