Following A Positive Quarter, Unilever Needs To Learn To Adapt: Analyst
A leading retail analyst has suggested that while Unilever should be pleased with its first-quarter performance, in which the FMCG giant posted underlying sales growth of 3.1%, new chief executive Alan Jope needs to focus on ensuring the firm is fit for the future.
“Alan Jope has now been in the hot seat since January and he’s delivered a satisfactory first quarter, although nothing spectacular," commented Russ Mould, investment director at AJ Bell.
“Now comes the hard part – he needs to find a way to stop the company’s sales growth from slowing down and adapt Unilever for the new era of retail where online shopping and the rise of discounters are driving down prices.
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