New CEO Faces Challenging Task of Revamping Unilever
Since taking on the role of CEO in the summer of 2023, Schumacher has aggressively pursued a turnaround strategy that involves divesting non-core assets, including...
Tag : Unilever
Unilever CEO Hein Schumacher to Resign
Unilever’s Chief Executive, Hein Schumacher, Steps Down; Fernando Fernandez Set to Succeed as CEO In a significant leadership transition, Hein Schumacher has announced his decision...
Unilever to Shutdown Bulgaria Ice Cream Facility Prior to Demerger
Unilever is set to close its ice cream factory in Bulgaria in anticipation of the upcoming spin-off of its consumer goods division later this year....
Unilever Transfers Knorr Pasta Sauce Line in Germany to Casalasco
Unilever has divested its pasta sauce retail line in Germany, transferring ownership to the Italian food manufacturer, Casalasco Group. This strategic move comes as part...
Unilever Invests £40 Million to Boost Production Capacity
Unilever’s largest food manufacturing facility, located in Burton, has recently undergone a remarkable transformation with an investment of £40 million, aiming to consolidate its condiments...
Unilever Confirms Demerger of Ice Cream Units in India and Indonesia
Unilever, a prominent player in the food and beverage industry, has officially announced the spin-off of its ice cream divisions in India and Indonesia as...
Unilever Increases Investment in Packaging Research and Development to Reduce Virgin Plastic Usage
Unilever has significantly increased its investment in materials science and technology over the past few years and is further enhancing its in-house expertise. Pablo Costa,...
Unilever Celebrates Volume Growth Amidslowing Price Increases
Consumer goods powerhouse Unilever has reported third-quarter volume growth, primarily driven by its core ‘power brands’, which benefited from reduced price increases. The owner of...
Unilever Receives Approval to Divest Russian Assets
Unilever has reportedly secured the Kremlin’s approval to divest its assets in Russia, marking a significant strategic shift for the company. According to the local...
Trian Partners, led by Nelson Peltz, divests £180 million in Unilever shares
Trian Partners, a New York-based hedge fund spearheaded by activist investor Nelson Peltz, has divested approximately £180 million ($231.3 million) worth of Unilever shares since...