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...
Tag : Unilever
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...
Unilever focuses on increasing sales through volume rather than raising prices
Unilever’s half-year results reveal a focus on volume growth in its food segments, with a 2.6% increase compared to previous quarters. This strategy aligns with...
PepsiCo offloads Marmite and Bovril spread brands in South Africa
PepsiCo is selling the rights to the Marmite and Bovril spreads brands in South Africa to Anchor Yeast, part of the Lallemand group in Canada....
Nestlé and Danone unite to urge global leaders to take action on biodiversity depletion
A cohort of more than 130 major companies and financial institutions, including Nestlé, Danone, and Unilever, have urged global leaders to adopt and enforce policies...
Unilever initiates discussions with investors for ice-cream sale
Unilever has declined to comment on reports that they are in talks with investors about potentially selling their ice cream business. The consumer goods giant...
Unilever plans to cut thousands of office jobs in Europe
Unilever is implementing a cost-cutting “productivity programme” that will result in the reduction of up to 3,200 office jobs in Europe. The multinational company, famous...
Dutch firms collaborate to provide clarity on expiration date labeling
A coalition of food companies and supermarkets in the Netherlands has come together to address food waste by providing clarity on expiry dates for certain...
Graze, a UK snack brand, set to be integrated into Unilever’s portfolio
Unilever has made the decision to “integrate” UK snack brand Graze into its broader operations. This move will result in the reduction of several jobs,...
Unilever to keep ownership of Russian ice cream operations
Unilever plans to continue making ice cream in Russia, even after separating this division from the rest of the business. The FMCG giant announced its...