LONDON: Unilever is sharpening its focus on profitability by lifting prices and cutting spending on everything from employee flights to product reformulations as activist investors take aim at consumer-goods giants wrestling with slow growth.
The maker of Hellmann’s mayonnaise and Dove soap said it’s stepping up an efficiency drive as it responds to a failed takeover bid from Kraft Heinz Co and rivals Nestle SA and Procter & Gamble Co come under pressure from activists Dan Loeb and Nelson Peltz.
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