Unilever to Speed Up Sale of Food Brands, CEO Says

The company will seek to grow the business by focusing on its most profitable brands , such as Knorr and Hellmann

Unilever's new Chief Executive Officer Fernando Fernandez expects to accelerate the company's turnaround plans by selling a number of underperforming brands in the food segment.

In a fireside chat with Barclays Head of Consumer Staples Warren Ackerman, published on Unilever's website late Monday, the CEO said there are about 1 billion euros ($1.08 billion) of local brands in its foods Europe division that "don't fit...

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