Unilever is now prioritizing its beauty products over food sales, aiming to increase beauty and personal care sales to nearly 2/3 of the company’s overall revenue. CEO Fernando Fernandez wants to capitalize on growing consumer interest in beauty and wellbeing, a move seen as part of the firm’s effort to expand its global presence in the competitive fashion industry.
Source: https://www.businessoffashion.com/articles/beauty/unilever-divests-food-business-pure-beauty-player