✉news BusinessBusiness first seen 3 d ago, last 2 d ago, peak #2
Unilever to Sell Welly Bandage Business to Private-Equity Firm
Original: Exclusive | Unilever Agrees to Sell Welly Bandage Business to Private-Equity Firm
Unilever has agreed to sell Welly, its first-aid and bandage brand, to a private-equity firm, according to a Wall Street Journal exclusive. The deal marks another step in the consumer goods group's pruning of smaller brands as it focuses its portfolio on its biggest growth labels. Terms of the transaction were not disclosed in the report.
Why now: Unilever is actively reshaping its brand portfolio, so news of another divestment draws attention from investors and industry watchers.
Evidence
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