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Thursday 6 April 2017

Unilever to sell off Flora and Stork

"Unilever, which owns some of the UK's most famous household brands, has announced plans to sell its margarine business, including Flora and Stork. The move comes as part of a wide-ranging review at the Anglo-Dutch firm, which recently saw off a takeover bid from US food giant Kraft Heinz. Analysts have said the sell-off could fetch $6bn (£4.8bn)."

And "He said the margarine business was a "declining segment" that could be "better managed by others" Code for Margarine is a dead duck, and we want to offload it swiftly.

£4.8 billion for "declining segment" good luck with that I reckon. People are wising up fast to the Frankenstein artery clogging goo that is margarine. I wonder how the British Heart Foundation will get on, if the big cash incentives to push Flora Margarine from Unilever comes to an end.

More on this story here.


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