Unilever Confirms Discussion With McCormick For Food Biz Separation
Company says that it has received an inbound offer for its foods business and is currently is discussion phase
Company says that it has received an inbound offer for its foods business and is currently is discussion phase
The report notes that the company is looking at streamlining its portfolio, as it seeks growth from beauty, personal care and wellbeing brands
Fernando Fernandez states that the company will be the main beneficiary of a much more dynamic economic environment in India
Ongoing federal shutdown prevents SEC from approving Magnum Ice Cream listing, forcing Unilever to revise its timeline Unilever have postponed the planned demerger and listing of The Magnum ice cream company owing to the ongoing US federal government shutdown, which has halted regulatory approvals. The company said a revised timeline will be announced once […]
The company will invest disproportionately to ensure it gets the full benefits of Unilever’s scale and advantaged portfolio footprint in these markets, says CEO
The reports state that Schumacher, who joined in July 2023, is leaving by mutual agreement
The company will be establishing a palm oil refining unit at a suitable location in the Kamareddy district
Unilever has unveiled plans to separate its ice cream unit, which includes popular brands like Magnum and Ben & Jerry’s, into an independent entity, alongside announcing a new cost-saving initiative impacting 7,500 jobs. The company aims to complete the spin-off by the end of next year, as reported by Reuters. With the implementation of the […]
Danone and Nestle, the leading consumer goods companies, said on Thursday that they will slow price rises in 2024, following two years of hikes that pushed many buyers to seek cheaper alternatives for essential items such as yoghurt and coffee. However, Danone, which owns brands such as Evian and Badoit waters and Activia yoghurt, warned that prices […]
Unilever said on Thursday that Nitin Paranjpe, its chief people and transformation officer, will retire in mid-2024, about 37 years after joining the consumer giant as a management trainee. “I am very grateful to Nitin for everything he has done in the company. By the way, he will continue as the chair of Hindustan Unilever […]