Ice cream brand Ben & Jerry’s said in a lawsuit filed Wednesday that parent company Unilever has silenced its attempts to express support for Palestinian refugees and threatened to dismantle its board and sue its members over the issue. The lawsuit is the latest sign of the long-simmering tensions between Ben & Jerry’s and consumer … Read more
According to a new report published by the Access to Nutrition initiative (ATNi), multinational food companies including Unilever, PepsiCo, and Nestle produce and sell sub-standard products in lower-income countries including India. A report studies major global food and drink manufacturers highlighting companies tend to sell less healthy products in countries with lower-income consumers, raising concerns … Read more
LONDON — After two years of questions and challenges from the British media, the investor community and external organizations, Unilever has sold its Russian subsidiary. Hein Schumacher, chief executive officer of Unilever, said Thursday the Russian business has been sold to Arnest Group, a Russian manufacturer of perfume, cosmetics and household products. “The sale includes all … Read more
LONDON — Unilever has named former Pandora executive Mary Carmen Gasco-Buisson as chief executive officer of its Prestige division, succeeding Vasiliki Petrou, who announced her departure in June. Gasco-Buisson, a Unilever alumna with a degree in chemical engineering from Cornell University, has more than two decades of experience working in beauty and prestige, including at … Read more
The opposition Congress party doubled down on its accusations against Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch, saying that a consultancy firm promoted by her had earned about Rs 3 crore, with most of the money coming from Mahindra & Mahindra (M&M), alleging a “criminal conspiracy.” At the time, Buch was … Read more
LONDON – Beauty and wellbeing sales helped to fuel Unilever’s growth in the first fiscal half, which was fraught with drama, including the abrupt departure of Vasiliki Petrou as head of the consumer giant’s successful Prestige Division, and thousands of European layoffs in the coming months. In the six months to June 30, turnover rose … Read more
Consumer goods manufacturers are slapping exorbitant prices on oddball personal care products such as total body deodorant and razors to remove pubic hair — a new, unwelcome trend in retail known as “upflation.” Unlike “shrinkflation,” in which companies reduce the size and quantity of items in packages while keeping the prices more or less the … Read more
LONDON – Unilever’s Beauty & Wellbeing division is becoming an increasingly attractive asset, with sales growth far outstripping every other company category in the first fiscal quarter. Underlying sales at the division, which includes brands such as Dove, Pond’s, Tatcha and Hourglass, grew 7.4 percent to 3.2 billion euros. Reported growth was 3.1 percent compared … Read more
LONDON — Unilever is set to acquire buzzy biotech hair care brand K18, as part of a wider strategy to invest in high-growth premium categories, build up its “power brands,” and invest in research and development. The proposed purchase comes six months after WWD reported that K18 was exploring sale options although, at the time, the … Read more
LONDON – Unilever has agreed a sale of Elida Beauty two years after first marketing the cluster of more than 20 brands, including Q-Tips, Caress, Timotei and Tigi. Unilever confirmed Monday that it has a binding offer from Yellow Wood Partners LLC to acquire Elida, which generated turnover of around 800 million euros in 2022. … Read more
