Consumer goods company Unilever has acquired British personal care brand Wild for an undisclosed amount. In a statement, Unilever said the acquisition marks another step in optimising its portfolio towards “premium and high growth spaces” as part of its Growth Action Plan 2030. Launched in the UK in 2020, Wild is a digitally native brand that...
1 Apr 2025
Consumer goods company Unilever has announced that chief executive officer and board director Hein Schumacher will depart the company on May 31, 2025, with his resignation effective March 1, 2025. Fernando Fernandez, currently chief financial officer (CFO) and executive director, will succeed Schumacher as CEO, effective March 1, 2025. Fernandez...
25 Feb 2025
Unilever’s Dove Men+Care is partnering with former football star, actor and entrepreneur Marshawn Lynch to increase awareness of its whole-body deodorant range, which was created to tap into growing consumer demand for deodorants that go below the belt. According to Google Trends, searches for ‘whole-body deodorants’ increased sharply in 2024,...
7 Jan 2025
Beauty giant Unilever is investing 100 million euros to scale up its fragrance design and creation capabilities across our global portfolio with a new digital-first fragrance creation house. Historically, Unilever has partnered with fragrance houses around the world to create its scents, but it believes that growing its in-house fragrance...
28 Nov 2024
Unilever has announced the sale of its Russian business following mounting pressure on the cosmetics and personal care giant. The move was revealed in a statement from group’s CEO Hein Schumacher, who said that the subsidiary was offloaded to Arnest Group, a Russian manufacturer of perfume, cosmetics and household products. The sale will include...
11 Oct 2024
Unilever brand Hellmann’s has teamed up with NFL Tennessee Titans quarterback Will Levis to launch the first-ever mayo-scented fragrance. The Will Levis No. 8 fragrance has been developed to harness the “tantalising scent” of mayonnaise with notes of tart lemon, mayonnaise accord, coffee undertones, musk and vanilla. The launch follows Levis’...
14 Aug 2024
Underlying sales growth at Unilever was 4.1 percent in the first half period, while turnover increased 2.3 percent to 31.1 billion euros. The company said that Underlying operating profit was 6.1 billion euros, up 17.1 percent, underlying operating margin was up 250 bps to 19.6 percent, with gross margin up 420 bps. Underlying EPS increased 16.3...
29 Jul 2024
Skincare brand Dove states that artificial intelligence (AI) is threatening the representation of real beauty, and it commits to never using AI to represent real women in its adverts. The pledge comes as the Unilever-owned brand celebrates 20 years of its ‘Campaign for Real Beauty,’ where it challenges society, media, and the beauty industry to...
11 Apr 2024
Personal care and cosmetics giant Unilever has announced the acquisition of haircare brand K18 in what it said is a continuation of the optimisation of its portfolio towards “higher growth areas”. The biotech label, founded in 2020 by Suveen Sahib, offers a range of six products that help to address hair damage, allowing for it to be favoured by...
28 Dec 2023
Consumer goods giant Unilever is to sell Q-Tips maker Elida Beauty to Boston-based private equity firm Yellow Wood for an undisclosed sum. Elida Beauty features more than 20 beauty and personal care brands, including Q-tips, Tigi, Caress, Timotei, Impulse, and Monsavon, and generated around 0.8 billion euros in 2022. Fabian Garcia, president of...
18 Dec 2023
Personal care and cosmetics giant Unilever is facing an investigation by a UK watchdog over a series of environmental claims it has made leading to greenwashing allegations. The Competition and Markets Authority (CMA) has initiated a review into the “concerning practices” of the conglomerate, including that of “vague and broad” language, the...
14 Dec 2023
Unilever has announced the appointment of Fernando Fernandez as its new chief financial officer. Fernandez, currently president of Unilever’s beauty & wellbeing business group, will replace Graeme Pitkethly, who announced his decision to retire from the company earlier this year. Fernandez’s appointment is effective from January 1, 2024, and he...
27 Oct 2023