Unilever shares were down on Thursday, extending losses from Wednesday after a report the company may spin off its food business, and had held merger talks with Kraft Heinz that have ended.
Investors and analysts said they are concerned that CEO Fernando Fernandez could be distracted from the day-to-day running of Unilever by the potential separation, questioning the benefits so soon after its protracted ice cream unit split.
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Source: Reuters | Published: 2026-03-19T15:06:52Z
Credit: Reuters
