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Unilever Sheds $33B Food Arm to Build Pure-Play Beauty Conglomerate
Unilever's $33B food divestment unlocks a $15.7B war chest for beauty M&A, anchored by emerging-market plays like India's Minimalist and Secret Alchemist. The pivot positions it against L'Oréal, Estée Lauder and Puig, even as shares slid 7% on the reshape.
Business of Fashion · Retail · 5/21/2026, 4:27:01 PM