That's actually absurd. Unilever IS a food company and is constantly selling off its entire food business because it imagines it wants to be a mini-Procter&Gamble.
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@Soprano As far as I have seen, there is a very high margin on Knorr products. Of course, the trend is towards healthy food. But on the other hand, things always have to be quicker. But it's still strange what's happening at Unilever. To get rid of traditional brands like Knorr and Langnese.
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@Tenbagger2024 They've been doing it this way for years. Before the ice cream business, they got out of spreads. Before that, the tea business. Before that, the fish business. I'd like to hear them explain their model, because from the outside it just looks like they're always selling off their silverware, but then they don't do anything worth mentioning with the billions.
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@Soprano But that's the case with many of the consumer goods giants. The CEOs are constantly changing and with them the strategy. Everyone wants to reinvent the wheel. At Nestlé, the silverware Galderma was sold off. And now Loreal is happy. That's why I'm not invested in the giants. Driven by high raw material prices, which can no longer be passed on 1:1 to the beleaguered consumer. Consumers are also increasingly turning to the discounters' own brands. How do you think Nestlé and Unilever will be affected by oil prices and fertilizer prices? That's why I'm rather cautious about the consumer giants
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15H
@Soprano I worked for Unilever for a long time until the ice cream separation. It is no secret internally and externally that Unilever has wanted to become a drugstore group for years. With the appointment of CEO Fernando Fernandez, it was clear in which direction it was going. He is an absolute drugstore enthusiast and immediately started with the spin-off from ice cream - it was only a matter of time before it was food's turn.
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•@Nuqqx That was also my assumption. Thanks for confirming it. The only question is why. The drugstore segment certainly has higher margins, but are you really so well positioned there? In the cosmetics sector in particular, you can only go for mass-produced goods and can't really play in the interesting "luxury segment".
The detergent segment seems to be solid, but I don't know whether it's enough to be a good washing powder company.
In the food sector, I have always seen Unilever at the top together with Nestle. In the drugstore sector, I think there's a lot of competition and it's stronger. The sector is much more competitive with Procter & Gamble, Loreal, Henkel, Beiersdorf etc. etc.
The detergent segment seems to be solid, but I don't know whether it's enough to be a good washing powder company.
In the food sector, I have always seen Unilever at the top together with Nestle. In the drugstore sector, I think there's a lot of competition and it's stronger. The sector is much more competitive with Procter & Gamble, Loreal, Henkel, Beiersdorf etc. etc.
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