Retail in Asia

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Unilever China confident of fivefold growth by 2020

Unilever said it’s "on the right track" to deliver a fivefold growth in its business in China by 2020 and is confident of achieving a 50 percent faster growth than the industry average, a senior official said last week.

The UK-Dutch multinational is the world’s third largest consumer goods company measured by 2011 revenues.

"We’re confident to deliver an average of around 15 percent growth over the next few years and China is already a top 10 market in terms of sales in the global network of Unilever," said Alan Jope, president for Unilever North Asia.

(Source: Shanghai Daily )