Unilever to Sell Welly Brand
Unilever agreed to sell its Welly bandage brand to private-equity firm Forward Consumer Partners. The transaction is expected to close in the fourth quarter.
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Unilever PLC agreed to sell its Welly bandage brand to private-equity firm Forward Consumer Partners on Monday morning, without disclosing financial terms. The consumer giant originally bought a majority stake in the United States brand back in 2021. CEO Fernando Fernandez is actively reshaping the portfolio toward beauty and well-being products.
