UL - Can Unilever Win With Procter & Gamble's Playbook?
Procter & Gamble (NYSE: PG) and Unilever (NYSE: UL) are global consumer staples giants and direct competitors. While there are material differences between their product portfolios (Unilever sells food, for example, while P&G does not), they have some interesting similarities. One of them is the involvement of activist investor Nelson Peltz in each company's corporate turnaround efforts. Here's why that should be important to investors.
Back in 2017, P&G had a very public fight with Nelson Peltz as it sought to keep the activist investor from joining its board of directors. The company won the fight (barely, by some estimates), but eventually worked out a deal with Peltz that let him join the board.
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Can Unilever Win With Procter & Gamble's Playbook?