×
59 151
Fashion Jobs
BANANA REPUBLIC
General Manager - Carlsbad Premium
Permanent · Carlsbad
GAP INC.
Area Manager, Asset Protection - Indianapolis
Permanent · Indianapolis
GAP INC.
Director, Asset Protection - Operations
Permanent · San Francisco
GAP INC.
Asset Protection Coordinator - Tennessee Valley
Permanent · Sevierville
GAP INC.
Area Manager, Asset Protection - Birmingham
Permanent · Montgomery
GAP INC.
Regional Manager, Asset Protection - Minnesota
Permanent · Minnetonka
GAP INC.
Area Manager, Asset Protection - st. Louis
Permanent · Chesterfield
GAP INC.
Area Manager, Asset Protection - Pittsburgh
Permanent · Homestead
GAP INC.
Asset Protection Lead- 3rd Shift - Fresno, ca
Permanent · Fresno
GAP INC.
Area Manager, Asset Protection - Connecticut North
Permanent · South Windsor
GAP INC.
Area Manager, Asset Protection - Hudson Valley
Permanent · Albany
GAP INC.
Regional Manager, Asset Protection - Great Plains
Permanent · West Des Moines
GAP INC.
Director, Technical Design
Permanent · San Francisco
GAP INC.
Area Manager, Asset Protection - Michigan West
Permanent · Traverse City
GAP INC.
Area Manager, Asset Protection - dc Metro
Permanent · Laurel
GAP INC.
Asset Protection Coordinator - Central PA
Permanent · Homestead
SALLY BEAUTY HOLDINGS LLC
District Manager
Permanent · Lafayette
ESTEE LAUDER
Manager, Visual Merchandising, Tom Ford Beauty, North America
Permanent · New York
ESTEE LAUDER
Manager, Digital Marketing Travel Retail
Permanent · New York
ESTEE LAUDER
Manager, Global Business Planning Mac
Permanent · New York
NORDSTROM
Asset Protection - Agent - Woodfield Shopping Center
Permanent · Schaumburg
NORDSTROM
Senior Manager Finance, Merchandising - Hybrid Seattle
Permanent · Seattle
Published
Jun 1, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Activist investor Peltz joins Unilever board, will he agitate for a break-up?

Published
Jun 1, 2022

Unilever's shares rose as much as 8% this week on news that the consumer products giant’s board has a new member — billionaire activist Nelson Peltz. He will join as a non-executive director in July.


Unilever/Tatcha



He joins as pressure mounts on Unilever’s CEO to transform and even split up the business and focus more on share price growth rather than on social purpose. It’s an aim that may be desired by investors, but may also be at odds with what its increasingly sustainability- and social-good-focused customers want.

As well as being known as the chief executive of the New York hedge fund Trian Fund Management, Peltz also entered the wider consumer consciousness this year due to his daughter Nicola recently marrying Brooklyn Beckham.

Investors are hoping that his arrival means the owner of the Dove, Hourglass, Tatcha, Living Proof and Murad brands will be forced to overhaul its business that has seen sluggish growth in recent periods. Peltz is known for agitating for change and also did so at Procter & Gamble.

Of P&G, Peltz said it had “ageing brands and a lack of breakthrough innovation” and accused it of “suffocating bureaucracy and excessive costs”. That’s a view some expect he also holds about Unilever.

Trian holds only a 1.5% stake in Unilever, but given the massive market value of the firm (over £96 billion), that adds up to a hugely valuable holding and makes Trian the group’s fourth-largest shareholder.

Peltz said he believes Unilever is a company with “significant potential”. He added: “Trian has made a considerable investment in Unilever. We look forward to working collaboratively with management and the board to help drive Unilever’s strategy, operations, sustainability, and shareholder value for the benefit of all stakeholders.”

Copyright © 2022 FashionNetwork.com All rights reserved.