Unilever China Reports 20% Drop In Underlying Sales Growth In Q3
This article was originally published in The Rose Sheet
Executive Summary
Unilever’s China business recorded a 20% decline in underlying sales growth and major product destocking in the third quarter, the Anglo-Dutch firm announces Oct. 23, stunning some analysts. The company’s European business struggled with difficult weather conditions and price deflation, while in North America the firm is seeing modest signs of improvement.