LONDON – Consumer goods giant Unilever PLC said on Friday its long-planned demerger of its ice cream unit will complete this weekend, with the new standalone company, The Magnum Ice Cream Company N.V. (TMICC), set to begin trading on three major exchanges next week. The demerger, first announced in March, will become effective at 6:00…
LONDON: The Board of Directors of Diageo plc has today appointed Sir Dave Lewis to the role of Chief Executive Officer and Executive Director, effective on 1 January 2026. Dave is a proven CEO with extensive marketing and brand building experience. He has an outstanding track record leading global consumer businesses, growing world-class brands, and…
€1.1 billion free cash flow and resilient margins underscore financial strength despite currency headwinds LONDON: Unilever posted underlying sales growth of 3.4% for the first half of 2025, bolstering investor confidence for stronger full-year performance. First half highlights: Despite external headwinds including adverse currency movements and net disposals, the consumer goods giant delivered volume-led growth,…
LONDON: Unilever has announced the initiation of a significant restructuring process, and is set to separate its Ice Cream division and launch an extensive productivity programme as part of its Growth Action Plan (GAP). The Unilever Board is confident that the future growth potential of Ice Cream will be better delivered under a different ownership…
Unilever plc, a multinational consumer goods company, announced on Thursday that it has entered into an agreement to acquire Yasso Holdings, Inc., a premium frozen Greek yogurt brand in the United States. The acquisition is expected to close in the third quarter of 2023, subject to regulatory approvals. Yasso was founded in Boston in 2009…
LONDON, UK: Unilever will move away from its current matrix structure and will be organised around five distinct Business Groups: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The changes to its organisational model aims at making it a simpler, more category-focused business. Each Business Group will be fully responsible and accountable for their strategy,…
LONDON, UK: Unilever has entered into an agreement to sell its global Tea business, ekaterra, to CVC Capital Partners Fund VIII for €4.5 billion on a cash-free, debt-free basis. ekaterra is the world’s leading Tea business, with a portfolio of 34 brands including Lipton, PG tips, Pukka, T2 and TAZO®. The business generated revenues of around €2…
ENGLEWOOD CLIFFS: Unilever has signed an agreement to acquire SmartyPants Vitamins, a U.S.-based Vitamin, Mineral & Supplement company, a news release said. Unilever posts solid H1 growth, signals strong full-year outlook Terms of the deal were not disclosed. The acquisition is subject to regulatory approvals and customary closing conditions. Based in Los Angeles, SmartyPants Vitamins…
Unilever is a British-Dutch multinational consumer goods company, headquartered in London, United Kingdom and Rotterdam, The Netherlands. Unilever products include food, sweets, energy drinks, baby food, soft drinks, ice cream, tea, cleaning agents, coffee, pet food, bottled water, chewing gum, frozen pizza, pregnancy tests, juice, beauty products, personal care, breakfast cereals, medicine and pharmaceutical healthcare…
LONDON: Unilever today announced that Marijn Dekkers has decided to step down as Chairman of the Board with immediate effect. Nils Andersen, Non-Executive Director, has been appointed by the Board to succeed Marijn as Chairman of Unilever. Marijn, who was appointed as Chairman of Unilever in April 2016, has chosen to stand down as Chairman…