Unilever PLC is divesting Dollar Shave Club as part of targeted action plan under new CEO Hein Schumacher that will narrow its strategic focus to 30 “power brands.”
Unilever Divests Dollar Shave Club, Focused On 30 ‘Power Brands’ Under New CEO’s Action Plan
More brands, particularly those acquired prior to Unilever’s 2019 shift in M&A strategy, could be on the chopping block, according to CEO Hein Schumacher, who took the helm in July. His targeted action plan includes investments to accelerate innovation and increase brand and marketing support.
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