End of an era: Unilever trading in Amsterdam for the last time today November 27, 2020 Unilever’s Dutch shares will trade in Amsterdam for the last time today, before a unification of the group’s dual-headed structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future. The merger over the weekend of Unilever’s Dutch and British corporate arms into one legal entity based [...]
Unilever shareholders support London-base move October 13, 2020 Unilever’s shareholders have approved the multinational’s plan to end its 90-year-old dual-headed structure in favor of a single London-based entity. The proposal passed with the support of more than 99% of shares voted. The results were released during shareholder meetings streamed online due to the COVID-19 pandemic. Investors in Dutch-listed Unilever NV approved the move with 99.4% [...]
Exclusive: Unilever’s Kingston campus plans unveiled October 2, 2020 Plans have been unveiled for a new Unilever headquarters in Kingston-upon-Thames, which will consolidate the conglomerate’s offices across London and Surrey. The developer, Cube Real Estate, has submitted a planning application for a mixed-use redevelopment, including two office buildings, a car park for electric vehicles and new homes. If the scheme is given the green [...]
Unilever to remove all fossil fuels from cleaning products by 2030 September 2, 2020 Consumer goods giant Unilever has today announced that it will remove all fossil fuels from its cleaning products by 2030 as part of a €1bn global investment programme. The Anglo-Dutch firm, which has seen demand for its products jump in recent months due to heightened health concerns brought on by the coronavirus pandemic, said it [...]
The cold blast of popular opinion: ice cream maker Ben & Jerry’s takes on the home secretary August 13, 2020 It was a young political journalist who summed up one of the oddest political storms of the summer so far when she tweeted on Wednesday: “Who had ‘MP argues with ice cream company’ on their 2020 bingo card?” In case you missed it, the story in brief: Priti Patel, the home secretary, has been making [...]
Unilever beats sales forecasts as it retains India tea arm July 23, 2020 Unilever beat analyst expectations of a drop in sales in its latest half-year results, it revealed today, as home and food sales offset declines elsewhere, it said today. The consumer goods behemoth beat analyst expectations of a 4.3 per cent drop in underlying sales, posting just a 0.3 per cent decline for the second quarter. [...]
Marmite lovers outraged at widespread lack of supply June 11, 2020 Some people love it, others hate it. But one thing is for sure: there is not enough Marmite to go around. Unilever, which manufactures the product was forced to admit yesterday that, because of the coronavirus pandemic, the famous spread was in short supply. This is because of widespread shortages of brewers’ yeast, one of [...]
The CEO Perspective: How is COVID-19 defining business purpose? May 1, 2020 | City Talk When the dust settles, will business emerge having played its part and who will have stayed true to their purpose? As leaders strive to steer their corporate ships through unimaginably stormy waters, there’s an understandable need to focus solely on the management of immediate, operational and financial issues. But in the midst of uncertainty, companies [...]
Unilever acquires Horlicks brand in India in £397m deal April 1, 2020 Consumer goods giant Unilever has today completed the acquisition of Horlicks and other Glaxosmithkline brands in a £397m deal. The deal will allow Unilever to use the Horlicks brand rights and other GSK Consumer Healthcare nutrition brands in predominantly Asian markets. The company’s listed subsidiary in India, Hindustan Unilever Limited (Hul) also announced today that [...]
DEBATE: Has the classic British cup of tea fallen out of fashion? February 3, 2020 Unilever could be selling its PG Tips and Lipton tea brands. Has the classic British cuppa fallen out of fashion? YES, says Jeff Young, founder of the London Coffee Festival, which celebrates its tenth anniversary on 2–5 April 2020. Britain is becoming a nation of coffee drinkers. This journey started 20 years ago with the [...]