{"id":30726,"date":"2022-05-31T16:56:05","date_gmt":"2022-05-31T16:56:05","guid":{"rendered":"https:\/\/harchi90.com\/nelson-peltz-comes-after-hellmanns-and-dove\/"},"modified":"2022-05-31T16:56:05","modified_gmt":"2022-05-31T16:56:05","slug":"nelson-peltz-comes-after-hellmanns-and-dove","status":"publish","type":"post","link":"https:\/\/harchi90.com\/nelson-peltz-comes-after-hellmanns-and-dove\/","title":{"rendered":"Nelson Peltz comes after Hellmann’s and Dove"},"content":{"rendered":"
Unilever<\/span> (UL<\/span>)<\/span> announced Monday that Nelson Peltz, one of the most influential corporate raiders on Wall Street, will join the company’s board of directors and disclosed that Peltz’s fund holds a 1.5% stake in Unilever.<\/div>\n
Peltz is an activist investor known for pushing under-performing companies to restructure, spin-off businesses and even break up. In the past, he has helped force changes at food and consumer giants such as Procter & Gamble<\/span> (PG<\/span>)<\/span>, Mondelez<\/span> (MDLZ<\/span>)<\/span> and Wendy’s<\/span> (WEN<\/span>)<\/span>. <\/div>\n
It’s not immediately clear what Peltz has planned for London-based Unilever, which has lagged rivals in recent years and made three failed bids to acquire GlaxoSmithKline’s consumer health care business. <\/div>\n
\n

Some analysts have called for Unilever to split its food and drink brands from its home and personal care division.<\/p>\n

Wall Street, however, is betting that Peltz will help transform Unilever. Shares rose 8% during early trading Tuesday. Analysts say the company needs a major revamp.<\/p>\n

“Unilever has a double problem,” said AllianceBernstein analyst Bruno Monteyne. The company is in “structurally low growth categories” and investors have lost confidence in the board and management.<\/p>\n

Monteyne expects Peltz to bring Unilever “back to basics” and focus on investing in innovation, adjusting executive compensation incentives and accelerating the pace of acquisitions and sales.<\/p>\n

Unilever has been on Peltz’s radar for months. In January, the Financial Times reported that he acquired a stake in the company. On Monday, Unilever chair Nils Anderson said in a statement that the company has held “extensive and constructive discussions” with Peltz.<\/p>\n<\/div>\n

.<\/p>\n","protected":false},"excerpt":{"rendered":"

Unilever (UL) announced Monday that Nelson Peltz, one of the most influential corporate raiders on Wall Street, will join the company’s board of directors and disclosed that Peltz’s fund holds a 1.5% stake in Unilever. Peltz is an activist investor known for pushing under-performing companies to restructure, spin-off businesses and even break up. In the …<\/p>\n

Nelson Peltz comes after Hellmann’s and Dove<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":30727,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[533,15217],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/cdn.cnn.com\/cnnnext\/dam\/assets\/220531083339-unilever-dove-body-wash-restricted-super-tease.jpg?ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.cnn.com\/cnnnext\/dam\/assets\/220531083339-unilever-dove-body-wash-restricted-super-tease.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/30726"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=30726"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/30726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media\/30727"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=30726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=30726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=30726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}