Unilever PLC has for years wrestled with the best way to run its ice cream-to-shampoo empire. Now it is set to get some fresh inspiration from activist investor Nelson Peltz.
Mr. Peltz, who gained a board seat at Unilever after his Trian Fund Management LP amassed a 1.5% stake in the maker of Ben & Jerry’s ice cream, has a strong record in the consumer-goods industry. Still, reinvigorating Unilever could prove tricky. The company houses a more diverse range of brands than its rivals and has greater exposure to emerging markets that have been disproportionately whacked by the pandemic and, more recently, surging inflation.
