Company News, Financial News

Unilever Bets on Plants

Posts good gains in Q4, but stumbles on the year.

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By: TOM BRANNA

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Back in the 1960s, the future, as told to Benjamin Braddock in The Graduate, was plastic. Fast-forward 50+ years and the future, for Unilever anyway, is plants. In a review of fourth quarter and full year results, CEO Alan Jope said the company was restoring its underlying sales growth back to 3-5%, as it focuses on high-growth areas including plant-based foods and formulas in fast-moving consumer goods like laundry detergents and cosmetics. According to Jope, plant-based formulas are part of...

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