Unilever launches new bid to sell Q Tips and other brands

Reuters exclusively reported that Unilever Plc (ULVR.L) has hired investment banks Morgan Stanley (MS.N) and Evercore Inc (EVR.N) to sell a basket of non-core beauty and personal care brands that include Q-Tips and Impulse, reviving an effort it abandoned two years ago. The revival of the sale process represents the first major move by Hein Schumacher, who took over as Unilever’s chief executive in July with a focus to streamline its business as it grapples with inflation.