Unilever revamps to protect independence

Unilever Chief Executive Paul Polman announced his most sweeping overhaul of the consumer-goods giant in a bid to protect its independence after being caught off guard by a failed takeover attempt from Kraft Heinz Co. The Anglo-Dutch giant plans to sell Flora margarine and other slow-growing spreads brands while raising its target for cost savings, buying back stock and boosting its dividend. The company will combine its food and refreshments operations in a single entity in the Netherlands and ...

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