Some of Europe's top companies, including Volkswagen and Unilever warned on Thursday that business in the region is increasingly tough, underscoring concerns that the full impact of high inflation and borrowing is now being felt by consumers. Unilever delivered third quarter sales which met market expectations after the maker of Dove soap and Ben & Jerry's ice cream raised prices albeit at a slower rate. But volumes fell by as much as 10.7% in Europe, its weakest region where business remained challenging.
Although Beauty & Personal Care sectors saw strong results, Unilever will change its strategy with a new focus, new appointments, plus sale of the Dollar Shave Club.
Europe Inc warns business is tough on home turf By Reuters investing.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investing.com Daily Mail and Mail on Sunday newspapers.