Unilever is reportedly considering the sales of Marmite, Colman’s and Bovril, as the FMCG giant streamlines its operations to focus on higher-performing businesses.

According to a report from Reuters, three sources close to the matter confirmed the business is considering offloading the brands. All three brands have been under the FMCG giant’s portfolio for at least 20 years.

The news comes after the consumer goods giant sold The Vegetarian Butcher to the Netherlands in March and was reportedly looking to offload struggling healthy snack brand Graze.

Recently, Unilever sold personal care and beauty brand Kate Sommerville to Rare Beauty Brands as it reassesses its portfolio of brands as part of the new business strategy.

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Unilever is working towards focusing more on its highly profitable brands within its over 400-brand portfolio, including Dove and Axe.

Under the new leadership, Unilever is actively working towards reducing its operations to boost areas where there are high growth yields available.

Next month the company is set to undergo a major demerger of its ice cream arm, which operates brands including Magnum and Ben & Jerry’s.

Unilever has been approached for comment.