Unilever tipped to ditch Magnum as it mulls sweeter GSK bid

The company will refocus around its health, beauty, and hygiene operations, suggesting sell-offs may involve its food operations

Consumer foods giant Unilever may sell brands like Magnum as it eyes a healthier product focus.

Unilever plans to sharpen its focus on health and hygiene and sell off slow-growth brands as it weighs making a higher offer for GlaxoSmithKline’s consumer unit.

The consumer goods giant said it will announce a revamp of its structure later this month.