After a week from hell: Shareholders tell Unilever to focus on health to avoid being struck hard by regulatory changes January 20, 2022 Food giant Unilever should focus further on health after a week of fierce criticism for the Marmite manufacturer, a group of major asset managers and shareholders said this morning. The coalition of investors, backed by Share Action, said it is urging the company to adopt ambitious targets to increase the share of healthy foods in [...]
Investors round on Unilever’s ‘health blind spot’ in fresh wave of attacks January 20, 2022 Unilever has come under fire from a group of leading investors for its unhealthy food products, following a week of intense criticism.
‘Marmite situation’ for GSK investors as Unilever bids spark potential bidding war January 17, 2022 Analysts have predicted a potential bidding war erupting for GSK’s consumer arm.
Unilever share price dives 7 per cent as £50bn battle for GlaxoSmithKline’s consumer business begins in earnest January 17, 2022 The main City story this morning is the £50bn bid by Unilever for GlaxoSmithKline’s consumer healthcare business, of which it owns a 68 per cent stake along with Pfizer, which Glaxo said it had rejected. “No doubt in the hope that Unilever will come back with a higher offer, with the sum of £60bn being [...]
Chanel names Londoner and Unilever exec Leena Nair as global CEO December 14, 2021 One of the most recognised luxury fashion brands has announced British former consumer goods specialist Leena Nair as its new global CEO. Born in India, a British national and a fashion industry outsider, Nair’s appointment as the boss of the French luxury giant is an unexpected move by the fashion house, known to be a [...]
Union seeks urgent meeting with Unilever for ‘cast iron guarantee’ of factory workers’ futures November 19, 2021 Unite the Union has called for urgent talks with Unilever after it announced the sale of its tea business to a private equity firm. Unilever confirmed the £3.79bn sale of its tea division – including household names such as PG Tips and Lipton – to CVC yesterday following an auction process. Unite pointed to CVC’s [...]
Private equity CVC agrees £3.79bn deal for Unilever tea business November 18, 2021 Private equity firm CVC has agreed to buy Unilever’s tea arm for £3.79bn (€4.5bn), it has been announced.
Unilever warns for ‘elevated’ cost inflation despite growth boost in US, China and India October 21, 2021 Consumer goods giant Unilever has reported a rise in sales for the past quarter as the firm warned it expects “strongly elevated” cost inflation to continue into next year. The Marmite and Ben & Jerry’s manufacturer reported a 2.5 per cent increase in underlying sales for the third quarter of 2021. It said it was [...]
Unilever remote staff must have 24-hour commute to the office September 26, 2021 Unilever has told its remote workers they must not stray too far from the office and should live within a 24-hour commute. The Dove owner has told employees they must be able to come into the office at a day’s notice if required for an emergency meeting. The company has defined a 24-hour trip as [...]
Unilever hit by rising commodity prices despite positive sales growth July 22, 2021 Consumer goods giant Unilever has drawn back its full-year operating margin forecast as commodity costs have surged in the past six months. The group, which owns Dove and Hellmann’s, turned over €25.8bn in its half-year results – just 0.3 per cent more than last year. However, the group has already raked in a further €13.5bn [...]