Unilever PLC (LSE:ULVR) is considering selling some of its best-known brands including Caress soap, Pond's skincare and Timotei shampoo as its new Chief Executive, Hein Schumacher, races to win around investors. The consumer goods giant is said to have revived plans to sell its Elida Beauty business, which also includes the St Ives skincare line, Q-Tip brand and TIGI hair products. Unilever has hired Morgan Stanley and Evercore to sound out potential bidders for the unit, according to Reuters.

The company and both banks declined to comment.