Global marketsUpdated November 3

Unilever plans €1 billion in savings by the end of 2029.

Bloomberg reports that Unilever plans to save €1 billion by the end of 2029 to accelerate CEO Fernando Fernandez’s overhaul. The target arrives after a change to the business: the Financial Times says the company is seeking to convince investors it is primed for growth following the sale of a slower-growth food division. The two messages sit side by side—a defined cost goal, and a pitch for growth. One has a number and a deadline; the other is the growth case Unilever is making.

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Coverage started November 3