Unilever

Unilever considers sale of British brands Marmite, Bovril, Colman's: Report

The London-listed company is considering shedding the century-old, yeast-based spread Marmite brand, the people said

US govt shutdown has not affected consumer sentiment, says Unilever CEO

The group's underlying sales in North America grew 5.5% in the third quarter

Unilever appoints Srinivas Phatak as chief financial officer, board member

Unilever has confirmed Srinivas Phatak as CFO and member of its board and leadership executive after a six-month acting tenure, citing his industry expertise and strong performance

Srinivas Phatak appointed new Unilever PLC CFO, to join board immediately

Before succeeding Fernando Fernandez, Srinivas Phatak served as deputy CFO and controller from 2022. Phatak joined Unilever in 1999, working in finance and commercial roles in India

Unilever 'will disproportionately' invest in India, says Fernandez

Unilever CEO Fernando Fernandez said India and the US will get disproportionate investments with focus on beauty, wellbeing and personal care under HUL's new leadership

Unilever India's new CEO tasked with invigorating a sluggish consumer giant

While the Indian unit of Unilever Plc posted a forecast-beating quarterly profit last week, Nair, who took over the CEO role on Aug 1, has her task cut out in sustaining this momentum

Unilever proposes Peter ter Kulve as CEO of listed ice cream unit

TMICC is home to six of the world's top 10 ice cream brands, including Ben & Jerry's, Cornetto and Wall's, and generated turnover of 8.3 billion euros ($9.59 billion) in 2024

Unilever CEO Hein Schumacher to step down, Fernando Fernandez to succeed

Hein Schumacher, who joined in July 2023, will step down as CEO in March and will leave the company on May 31

FMCG major Unilever to establish two manufacturing units in Telangana

FMCG major Unilever on Tuesday agreed to establish two manufacturing units in Telangana following talks between Chief Minister A Revanth Reddy and Hein Schumacher, CEO of Unilever, at the ongoing World Economic Forum (WEF) annual meeting in Davos. During the meeting, the Chief Minister highlighted Telangana's "extraordinary locational advantages" as a gateway and bridge to several southern states and other parts of the country, a state government release said. While Unilever operates multiple manufacturing sites in India, its presence in Telangana has thus far been minimal, the release added. In response, Unilever's CEO announced plans to establish a palm oil facility and refining unit in Telangana. CM Revanth Reddy offered full support and proposed a suitable location in Kamareddy district for the facility, the release added. The Unilever team also agreed to set up a new manufacturing unit for producing bottle caps. "In a breakthrough, Chief Minister Revanth Reddy convinced Hein

Unilever eyes sale of Dutch brands Unox, Conimex in turnaround strategy

Unilever has lined up ABN Amro to conduct a sale of some of the Dutch food brands, including Unox soups and Conimex seasonings

Unilever, Procter & Gamble face risk from Trump's threatened Mexico tariffs

Trump warned days before his win against Democrat nominee Kamala Harris that he would hit Mexico and China with 25 per cent tariffs unless both governments moved to stop the flow of fentanyl into US

Unilever to revamp Indonesia operations amid revenue drop, boycotts

The company's CEO Hein Schumacher acknowledged "long standing issues" in the country. He said Unilever was "making in Q3 and Q4 a significant intervention in Indonesia that is not going to yield

Unilever, Danone boost sales as price hikes start to slow, beats Q3 sales

Shoppers started trading down to cheaper alternatives, such as private label brands owned by Walmart, Tesco and Carrefour. At their peak in the fourth quarter of 2022, Unilever's underlying prices

Unilever job cuts: HUL to assess parent's global initiatives for its biz

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

Unilever to cut a third of office jobs in Europe by end of 2025: Report

The report added that the cuts were a part of the cost-savings programme announced in March, which included as many as 7,500 layoffs

Our bolt-on value-accretive M&A strategy will be deployed: HUL CFO

Ritesh Tiwari talks about the company bringing more Unilever brands to India

Unilever's Q1 result beats sales forecast as customers return to brands

Sales volumes climbed 2.2 per cent, the second quarter of growth after several declines. Prices were also up 2.2 per cent

Investors spoiled for choice with top ice cream makers on table for sale

The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters

Unilever to separate its ice cream biz, cut 7,500 jobs in restructuring bid

The move is part of a broader restructuring as Schumacher tries to jumpstart growth. Unilever said the job cuts, which will affect mainly office-based roles, are part of a plan to achieve €800 million

Unilever CEO Schumacher says board member Peltz backs strategic changes

When Unilever reported fourth quarter earnings last week, some investors and analysts said it was still not regaining lost market share quickly enough