Unilever is not benefiting overall from the coronavirus crisis even though many of its soap and hand-washing brands are seeing increased demand, CEO Alan Jope said.
, the London-based consumer products giant, is not benefiting overall from the coronavirus crisis even though many of its soap and hand-washing brands are seeing increased demand, CEO Alan Jope told CNBC on Tuesday."Squawk on the Street"
Unilever makes Breyers and Ben and Jerry's ice cream as well as Hellmann's mayonnaise and Lipton and Pure Leaf teas. The conglomerate also makes consumer staples such as Dove and Lifebuoy antibacterial soaps. Jope said panic buying and hoarding of supplies is largely an American phenomenon. "Only in the U.S. are we seeing this kind of dramatic pantry loading. I think the U.S. consumer has typically a bigger house and more appetite for credit card debt than elsewhere in the world."
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