United Brands Limited, which trades and distributes consumer goods and allied products in Pakistan has decided to discontinue several consumer products.
According to the notification to the Pakistan Stock Exchange, the company announced that they have decided to discontinue the following products from their business portfolio.
- Mars
- Wrigley’s
- Haleeb Foods
- Unilever
- Heinz
- IFFCO
This shall result in a loss of revenue of approximately Rs. 58 million every month as stated by the company. No other reason was mentioned regarding this concern.
United Brands Limited distributes fast moving consumer goods; foods, chocolates, confectionery, flavored milk, tea, sweetener, beverages, and cereals; skin care and cosmetic products; and baby care products.
United Brands Limited was formerly known as UDL Industries Limited and changed its name to United Brands Limited in April 2006.
source?
Stock exchange
But Why : Due to Shareef Family in Jail ?
ho sakta hy imran khan ki waja sy ho
Chalo acha howa
Haleeb Foods ?
WHATSAP ME JEHANGIR
Whose this?
Doesn’t seems true for Unilever.
Not true for IFFCO as well. Coz i know that IFFCO has their own network for distribution and marketing in Pakistan