Nov 29, 2018

Unilever: Jope and glory

The first order of business for the Unilever CEO-in-waiting, Alan Jope, will be to apply a bit of Dove salve to the chapped parts of the City. Unilever has been a very good investment for much of Mr Polman's tenure: total returns to shareholders have far outpaced the company's global peers since he took over in 2009. Mr Jope may want to keep adding premium brands to the Unilever portfolio. For Unilever to add to the group with scale that will require getting out the cheque book. Under Mr Polman Unilever accelerated share buybacks in the wake of an unsolicited takeover approach from 3G Capital.

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