Unilever, which owns a few of the UK’s most well-known family manufacturers, has introduced plans to promote its margarine enterprise, together with Flora and Stork.
The transfer comes as a part of a wide-ranging evaluation on the Anglo-Dutch agency, which lately noticed off a takeover bid from US meals large Kraft Heinz.
Analysts have stated the sell-off might fetch $6bn (£four.8bn).
Unilever additionally intends to take a look at altering its historic standing as a dual-listed firm in two nations.
“We all the time have labored our operational mannequin and pushed effectivity,” Unilever’s chief govt, Paul Polman, advised the BBC’s Right this moment programme.
He stated Unilever wouldn’t change its long-term enterprise mannequin, which he described as one in all “sustainable value-creation”.
However alluding to the failed takeover bid, he added that “the occasions of the previous couple of weeks have identified that we’ve alternatives to drive additional worth within the enterprise”.
Mr Polman stated the agency would step up its cost-cutting, aiming for a 20% margin by 2020.
He stated the margarine enterprise was a “declining phase” that could possibly be “higher managed by others”.
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