Stock Groups

Nelson Peltz’s Trian reportedly builds a stake in Unilever


Nelson Peltz at Delivering Al 2019, New York City, Sept. 19, 2019.


Trian Partners has been Nelson Peltz’s activist hedgefund and built a stake. UnileverThis is putting more pressure on consumer goods manufacturers. the Financial Times reported on SundayCiting people who have direct knowledge of this matter.

New York’s hedge fund, which is $8.5 billion in size, has taken a position with the British group’s shares. The FT reported that people who are familiar with the stake-building process have not given details about its size.

Unilever, Trian and Unilever declined to comment.

The strategy of Unilever — maker of brands such as Dove soap and Hellmann’s mayonnaise — has come under the investor microscope after the group this month effectively abandoned its 50 billion pound ($68 billion) pursuit of GlaxoSmithKline’sBusiness in consumer health-care.

Analysts believe the proposal for the mega-deal on London was unanticipated. It raises concerns about Unilever’s strategy under Chief Executive Alan Jope to shift from lower-margin goods towards hygiene, beauty, or health products.