Anglo-Dutch consumer giant Unilever has been given the all clear to acquire Sara Lee’s Personal Care and European Laundry business by the European Commission (EC), on the condition it sells on the Sanex deodorant brand after acquisition.
The European Commission says it is concerned that Unilever’s proposed acquisition of Sara Lee’s personal care business may breech anti-trust regulations.
Food, household and personal care player Sara Lee is contemplating selling its remaining cosmetics business interest in Europe to focus on food and beverage.
Sara Lee says it will relocate its corporate headquarters in one
building in Chicago, Illinois, ahead of the planned disposal of its
European personal care operations, writes Simon Pitman.