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Report: Unilever Potentially Divesting Brands in Australia

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Amid rumors of a potential Drunk Elephant acquisition and an actual Tatcha acquisition, new reports from Oceania claim Unilever may be considering the divestment of Australian and New Zealand businesses.

According to the Australian Financial Review, "Unilever has launched an informal strategic review of its Australian and New Zealand business, which includes well known household brands like Omo, Rexona, Lipton and Vaseline."

The report adds, "Unilever has had investment bank UBS considering market appetite for a handful of brands including premium tea and teaware shops owner T2. Sources said UBS had been reaching out to consumer brands-focused private equity firms in recent weeks, setting up meetings to discuss their potential interest in parts of the Unilever portfolio."