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Unilever to sell Myanmar joint venture stake, deal expected to close in 2027

The consumer-goods group will outline plans at an investor event Wednesday to save 1 billion euros by the end of 2029 by recuperating some costs and overhauling operations.

Unilever said on Tuesday it ‌aims to deliver productivity savings of €1 billion ($1.12 billion) by ​the end of ​2029 as it overhauls its ⁠operating model to ​become a focused home and ​personal care business.

Artificial intelligence agents are processing purchase orders and preparing collections work as businesses automate more of the steps between a B2B sale and payment. PYMNTS Intelligence research with JPMorgan finds surveyed companies automate an average 73% of accounts receivable processes, compared with 55% in the previous year's survey.

Clorox has hired Unilever executive Fabian Garcia as its next chief executive. Garcia will step into the role effective Jan. 5, succeeding Linda Rendle who announced in May that she was stepping down for health reasons.

The maker of Dove soap booked turnover of $14.80 billion in the third quarter.

Consumer goods major Unilever ​reported third-quarter underlying sales growth of 5.