Unilever CEO Schumacher To Step Down: Report
The reports state that Schumacher, who joined in July 2023, is leaving by mutual agreement
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Unilever To Set Up Two Manufacturing Units In Telangana
- by BW Retail World Bureau
- January 22, 2025
The company will be establishing a palm oil refining unit at a suitable location in the Kamareddy district
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Unilever Splits Ice Cream Unit, Cuts 7,500 Jobs In Cost-Saving Move
- by BW Retail World Bureau
- March 20, 2024
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 […]
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Nestle, Danone Moderate Price Increases Amid Falling Inflation
- by BW Retail World Bureau
- February 24, 2024
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 […]
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Unilever’s Nitin Paranjpe To Retire In Mid-2024, Remains HUL Chair
- by BW Retail World Bureau
- February 10, 2024
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 […]
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HUL Announces Management Reshuffle, Shiva Krishnamurthy Joins Management Committee
- by BW Retail World Bureau
- February 8, 2024
Hindustan Unilever (HUL) revealed on Wednesday top-level changes to its management committee, which controls the company’s operations. According to a business announcement, Shiva Krishnamurthy (49) will join the HUL Management Committee as Executive Director, of Foods and Refreshment. HUL owns brands such as Rin, Surf Excel and Dove. Srinandan Sundaram, Executive Director, Foods and Refreshment, […]
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Unilever’s Emphasis On Power Brands Sharpens Its Focus In India
- by BW Retail World Bureau
- January 1, 2024
Unilever Plc, the FMCG major, has aggressively streamlined its product portfolio, emphasising approximately 30 “power brands” in its pursuit of growth under new CEO Hein Schumacher, who assumed the role in July. These power brands, including Dove, Lux, Pond’s, Surf, Sunsilk, Lifebuoy, Horlicks, Vaseline, Knorr, Rexona, Closeup and Pepsodent, signify the company’s targeted focus, as […]
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Unilever, Accenture Collaborate On Next Generation AI
- by BW Retail World Bureau
- December 7, 2023
IT company Accenture is collaborating with Unilever, as part of a strategic initiative to leverage the consumer goods multinational’s artificial intelligence (AI) research and implementation of technologies to enhance productivity, drive efficiencies and accelerate disruptive and AI-powered innovations at scale. The AI development will start from Unilever’s global AI Lab “Horizon3 Labs”, which recently opened […]
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HUL Shifts Focus To Volume Growth, Price Cuts In India Amid FMCG Market Reshuffling
- by BW Retail World Bureau
- September 8, 2023
Unilever has reported increased competition from smaller players in the Indian Fast Moving Consumer Goods (FMCG) sector following a cooling off of raw material prices. This has compelled its subsidiary, Hindustan Unilever, to shift its focus towards increasing volumes and implementing price reductions. Graeme Pitkethly, Unilever’s global chief financial officer, discussed the situation at the […]
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Unilever Appoints Hein Schumacher As Its New CEO
- by BW Retail World Bureau
- January 30, 2023
Unilever appointed Hein Schumacher as its new Chief Executive Officer, the company said in a press release, adding, following an extensive, global search process. Hein will replace Alan Jope, who announced in September 2022 his intention to retire from Unilever. Hein is currently CEO of the global dairy and nutrition business Royal FrieslandCampina and became […]