Unilever strikes a deal to sell Welly as its portfolio reset continues

What happened: Unilever (UL) confirmed on Monday that it signed a deal to sell its Welly brand to private-equity firm Forward Consumer Partners. The amount was not disclosed. Why it matters: The sale is part of a broader streamlining strategy by Unilever (UL) as it continues to reset its portfolio. Key numbers: Deal confirmed Monday; sale price undisclosed.

Unilever (UL) confirmed on Monday that it signed a deal to sell its Welly brand to private-equity firm Forward Consumer Partners. The amount was not disclosed.

The sale is part of a broader streamlining strategy by Unilever (UL) as it continues to reset its portfolio. Key numbers: Deal confirmed Monday; sale price undisclosed.