Unilever is selling two of its most iconic brands — Unox and Zwan — to Dutch food corporation Zwanenberg Food Group. The announcement follows recent reports that Unilever was preparing to let go of several food brands worth a potential €1 billion (US$1.05 billion). Unox and Zwan have been part of Unilever’s portfolio for almost 100 years, joining in 1937 and 1928, respectively. By letting them go, Unilever says it will sharpen its food portfolio for long-term growth and scalability, focusing on fewer and bigger brands in categories such as cooking aids, mini meals and condiments.
