--Unilever intends to sell its Elida beauty brand portfolio which includes noncore beauty and personal care brands, Reuters reports, citing unnamed sources.

--The Anglo-Dutch retailer is reviving a sale process for this basket of brands which had been abandoned two years ago and not reported on, Reuters reports.

--The investment banks it has hired--Morgan Stanley and Evercore Inc--have contacted different parties to measure interest in the division for a deal that could be worth multiple billions of dollars, Reuters reports.

Full story: https://tinyurl.com/bde7tbfh

Write to Elena Vardon at elena.vardon@wsj.com

(END) Dow Jones Newswires

September 20, 2023 10:58 ET (14:58 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.
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