Unilever

Unilever has lined up ABN Amro to conduct a sale of some of the Dutch food brands, including Unox soups and Conimex seasonings

Trump warned days before his win against Democrat nominee Kamala Harris that he would hit Mexico and China with 25 per cent tariffs unless both governments moved to stop the flow of fentanyl into US

The company's CEO Hein Schumacher acknowledged "long standing issues" in the country. He said Unilever was "making in Q3 and Q4 a significant intervention in Indonesia that is not going to yield

Shoppers started trading down to cheaper alternatives, such as private label brands owned by Walmart, Tesco and Carrefour. At their peak in the fourth quarter of 2022, Unilever's underlying prices

Unilever recently told employees it will slash a third of office-based jobs in Europe by end of 2025

The report added that the cuts were a part of the cost-savings programme announced in March, which included as many as 7,500 layoffs

Ritesh Tiwari talks about the company bringing more Unilever brands to India

Sales volumes climbed 2.2 per cent, the second quarter of growth after several declines. Prices were also up 2.2 per cent

The stakes are high for Unilever. Once a focal point of growth with labels such as Magnum and Cornetto, the Anglo-Dutch company's ice cream unit has underperformed for the past five quarters

The move is part of a broader restructuring as Schumacher tries to jumpstart growth. Unilever said the job cuts, which will affect mainly office-based roles, are part of a plan to achieve €800 million

When Unilever reported fourth quarter earnings last week, some investors and analysts said it was still not regaining lost market share quickly enough

Multinational FMCG firm Unilever is focusing on driving competitive volume growth in the Indian market and expects a price reduction in its products "if current commodity prices persist". In the December quarter, its India business HUL grew to mid-single digit led by volume, with lower input costs that led to negative pricing in the fourth quarter, Unilever said in its earnings statement on Thursday. "We are focused on driving competitive volume growth while pricing is expected to remain marginally negative if current commodity prices persist," it said. In the Indian market, Unilever's sales were flat in the fourth quarter as pricing turned negative, mainly driven by price reductions in fabric cleaning and skin cleansing bars as a result of commodity movements. This also impacted Unilever's overall fabric cleaning segment, which was negative in the December quarter, as the "pricing reflects commodity deflation, particularly in India," it added. Moreover, the company also had a tax

Unilever's shares rose as much as 4% on Thursday, hitting their highest point since it last reported earnings in October

Unilever's underlying price growth was 13.3% at its height in the fourth quarter of 2022, with prices at its home care business up nearly 17%

Consumer goods industry has struggled for more than two years with soaring costs

In the Q1FY24 results announced last week, HUL reported a volume growth of 3 per cent

Unilever has defended its decision to maintain operations in Russia citing the challenges of exiting the market and the potential consequences for its employees as reasons for its continued presence

The decision to increase royalty to 3.45 per cent to parent Unilever was taken after a detailed evaluation and due diligence, Hindustan Unilever Ltd Chairman Nitin Paranjpe said on Monday. Earlier this year, leading FMCG maker Hindustan Unilever Ltd (HUL) increased the royalty paid to Unilever PLC to 3.45 per cent of the total turnover, which will be effected in phases over the next three years. Earlier, this was 2.65 per cent. While addressing the shareholders in response to a question about the rationale of such an increase, Paranjpe said the change was made "after plenty of due diligence and satisfying ourselves that we are getting adequate value for this payment that is royalty payment which is being made". Before this, the company has also looked at the royalty paid by other FMCG companies to their parent global firms, he said. The contract terms that "we have got, were subjected to a detailed evaluation and due diligence first by a senior team from within the company. And the

International corporates are turning their attention to India, while large local firms have "big aspirations" to expand their reach, said Sanjiv Mehta

The company has shaken up its top ranks after appointing activist investor Nelson Peltz to the board last year