Unilever Considers Potential Separation of Food Assets

Unilever Plc, the maker of Hellmann’s mayonnaise, is in the early stages of considering a separation of its food assets as it seeks growth from beauty, personal care and wellbeing brands, people with knowledge of the matter said.

The Anglo-Dutch consumer group is speaking with advisers as it studies future options for streamlining its sprawling portfolio, including a potential separation of most or all of the food business, the people said. That would sharpen Unilever’s focus on brands such as Dove soap and Axe deodorant.