Unilever Expects Higher Growth In Personal Care Business Shortly

Unilever Expects Higher Growth In
Personal Care Business Shortly


Unilever, the maker of Dove soap and Ben & Jerry’s ice cream, is expecting its personal care business to return to growth above 4% soon, having slowed down recently.

Alan Jope, head of the unit that includes Dove soap and Sunsilk shampoo, said he was not satisfied with its 2.4% growth in the year so far, but he was "determined and confident" there would be a rebound. He declined to mention exactly when that would happen.

Jope spoke at an investor meet at the company's New Jersey office that was simultaneously broadcast over the internet. Since rebuffing an unexpected $143 bn takeover offer in February from Kraft-Heinz, Unilever has been under pressure to prove it can quickly deliver comparable returns as a standalone company. The lower growth of global market, weakness in two big countries - Indonesia and Brazil and increased competition from local rivals, such as Patanjali in India and Wardah in Indonesia lead to the slowdown, Jope explained.


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