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Unilever Caribbean To Divest Baking, Cooking And Spreads Business Unit

Unilever Caribbean To Divest Baking, Cooking And Spreads Business Unit

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Lucy Walsh Managing Director of Unilever Caribbean Limited has announced plans to divest the Baking, Cooking and Spreads business unit as part of a global restructuring initiative. The category although responding well to increased focus, reducing costs, increasing cash generation and holding market share could not overcome the underlying challenging conditions in developed markets.BM