Nestle takes strides ahead of Unilever
The Swiss consumer goods company has taken a ruthless approach to pruning its portfolio in the face of changing demands and rising competition. That has proven a good strategy as revenues keep ticking higher, while its British peer Unilever begins to count the costs of poor management.
The risk of relying on price inflation to boost revenue has come back to haunt Unilever (LON: ULVR). The UK’s largest consumer goods company warned that sales growth for 2019 would be well below previous expectations in its pre-Christmas trading update, having promised 3% to 5% growth as recently as October.
The problems, according to chief executive Alan Jope, have come from an economic slowdown in certain key markets, including South Asia. It’s a painfully familiar…
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