Article 1AFG3 Unilever warns of fragile consumer market

Unilever warns of fragile consumer market

by
Angela Monaghan
from on (#1AFG3)

Consumer goods giant says growth is weakening across emerging markets and negative in Europe

Unilever has said it is operating in a fragile consumer environment with deflation weighing on its performance in Europe and slowing growth in emerging markets.

The consumer goods company behind well-known brands such as Persil, Marmite and PG Tips, said sales in Europe fell by 0.6% in the first quarter as the impact of eurozone deflation and aggressive price discounting took its toll.

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