Unilever, the global consumer goods giant, has announced an ambitious initiative to drastically reduce carbon emissions across its Ice Cream Business Group’s four U.S. manufacturing facilities. The project, which aims to cut 14,000 metric tons of carbon emissions annually, has been selected for award negotiations by the U.S. Department of Energy, potentially receiving up to […]
Unilever, a global leader in consumer goods, has announced a significant reorganization strategy aimed at accelerating its Growth Action Plan (GAP). At the forefront of this strategy is the separation of its Ice Cream business and the initiation of a comprehensive productivity program. This strategic move is anticipated to refine the company’s focus on superior […]
Unilever PLC, a global leader in consumer goods, has disclosed its financial outcomes for the full year of 2023, spotlighting a strategic focus on its Growth Action Plan and operational efficiencies amidst challenging market conditions. The company reported an underlying sales growth (USG) of 7.0%, with a turnover of €59.6 billion, reflecting a slight decrease […]
Unilever has announced plans to acquire Yasso Holdings, a leading premium frozen Greek yogurt brand in the US, in a move aligned with the premiumization strategy of its Ice Cream Business Group. The financial terms of the deal were not disclosed. Boston-based Yasso, founded in 2009 by childhood friends Amanda Klane and Drew Harrington, is […]
British consumer goods company Unilever will divest its Suave beauty and personal care brand in North America to Yellow Wood Partners, a Boston-based private equity firm. The financial terms of the transaction were not disclosed. The Suave brand sells products for women, men, and kids in ecommerce platforms and mass retailers. The brand includes hair […]
Hindustan Unilever Limited has inaugurated a new spray dried detergent powder factory and an automated distribution centre in Sumerpur, Uttar Pradesh (UP) of its subsidiary Unilever India. The event was attended by Uttar Pradesh Chief Minister Yogi Adityanath and Hindustan Unilever CEO and MD Sanjiv Mehta. The spray dried detergent powder plant and distribution centre […]
Unilever has agreed to sell its Ben & Jerry’s ice cream business in Israel to Avi Zinger for an undisclosed price. Avi Zinger is the Israel-based licensee of Ben & Jerry’s as well as the owner of American Quality Products Ltd (AQP). According to Unilever, the new arrangement enables Ben & Jerry’s ice cream to […]
Unilever has wrapped up the €4.5 billion sale of ekaterra tea business to the CVC Capital Partners Fund VIII. ekaterra has a portfolio of 34 brands such as Lipton, PG tips, Pukka, T2, and TAZO. The deal was announced in November 2021. It excludes the tea business of Unilever in India, Indonesia, and Nepal and […]
Unilever has agreed to divest Unilever Life, its direct selling business in Thailand, to Thai media company RS Group for an undisclosed price. Unilever Life operates as a multi-level marketing (MLM) direct selling business. It has a portfolio of three brands, namely Beyonde, iFresh, and Aviance. Robert Candelino — CEO of Unilever Thailand said: “For […]
UK-based consumer goods company Unilever has agreed to divest ekaterra, its global tea business, to CVC Capital Partners Fund VIII for a sum of €4.5 billion. ekaterra has a portfolio of 34 brands that include Lipton, Pukka, PG tips, TAZO, and T2. In 2020, the tea business of Unilever had earned revenues of nearly €2 […]