Unilever Nigeria Plc has revealed that it will reposition its business model in order to accelerate growth and sustain profitability.
The company made this known in a statement signed by the general counsel, WA & company secretary, Unilever Nigeria, Abidemi Ademola, adding that, the firm will make changes to its business model in order to accelerate growth and sustain profitability while enhancing its ability to meet consumer needs.
She said the company is set to repurpose its portfolio while putting in place measures to make the business more efficient and future fit.
"These changes will reposition the Company to better meet the needs of consumers, shareholders, and employees.
"This will involve repurposing the portfolio by exiting the Home Care and Skin Cleansing categories to concentrate on higher growth opportunities, strengthening business operations with measures to digitise and simplify processes, and focusing more on business continuity measures that reduce exposure to devaluation and currency liquidity in our business model.
“The exit of these two categories over 2023 will boost the vision to make Unilever Nigeria great, building on the impressive progress made in other key aspects of the business, and is envisaged to result in overall improvement in profitability, growth and a more sustainable Unilever Nigeria plc. business.
"The Company will in due course review the optimal treatment of redundant resources and assets in accordance with due process.”
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