Unilever news and archive

Unilever promotes Fernando Fernandez as new CFO

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...

Business |Beauty

Unilever sells grooming brand Dollar Shave Club

Consumer goods conglomerate Unilever has sold men’s grooming brand Dollar Shave Club to US-based private equity firm Nexus Capital Management LP for an undisclosed amount. Unilever, which acquired the men’s grooming brand in 2016, said in a statement that it would retain a minority shareholding of 35 percent. The American company offers a range...

Business

Unilever posts sales and profit growth

Underlying sales at Unilever grew 9.1 percent, driven by all business groups. The company said in a statement that the group’s turnover increased 2.7 percent to 30.4 billion euros. The company reported a 7.9 percent rise in underlying second-quarter sales. Underlying operating profit improved 3.3 percent to 5.2 billion euros, with a 10 bps...

Business

Unilever experiences strong sales for Q1 driven by price growth

British consumer goods group Unilever has announced its financial results for Q1 of 2023, largely defined by a strong underlying sales growth of 10.5 percent driven by price growth in response to cost inflation. Its price growth rose 10.7 percent, while all of its business groups and geographies also saw increases, including beauty and...

Fashion Featured

Influencers can help people switch to sustainable living

Research from Unilever suggests that social media influencers can have a positive impact on consumer behaviour, especially when it comes to sustainability. Unilever partnered with a cohort of eco-conscious influencers and behavioural scientists to examine the role of influencer content in impacting sustainable choices. In partnership with the...

Business

Unilever names Hein Schumacher CEO after lengthy search process

Consumer goods conglomerate Unilever has announced the appointment of Hein Schumacher as its new chief executive officer months after Alan Jope stated his intention to retire. Schumacher currently serves as CEO of dairy and nutrition business Royal FrieslandCampina and became a non-executive director of Unilever in October, 2022. He has been...

Business

Unilever CEO to step down next year

The chief executive officer of beauty and wellbeing company Unilever has announced his intention to step down from his position at the end of 2023. Alan Jope, who is set to retire, has been with the British firm for over 35 years and has served as CEO for almost five years. The Unilever board of directors has said it will be proceeding with a...

Business

Unilever and Geno invest 120 million dollars in commercialising plant-based ingredients

Unilever has announced it will be making a joint investment together with biotech firm Geno that aims to commercialise and scale plant-based alternatives to products like palm oils and fossil fuels for cleaning and personal care products. The 120 million dollar investment, which the duo is expecting other strategic investors to add to at a late...

People

Unilever appoints new non-executive director

Unilever PLC has appointed Nelson Peltz as a non-executive director and a member of its Compensation Committee. Peltz is chief executive officer and a founding partner of investment management firm Trian Fund Management that manages funds which hold interests in approximately 37.4 million ordinary shares of Unilever, constituting approximately...

Business

Vaseline launches platform aiming to improve skin healthcare for people of colour

Petroleum jelly specialist Vaseline has launched a new online database designed to diversify the search of conditions for skin of colour, in a bid to help users get the proper care required for their skin. See My Skin, created alongside digital health company Hued and medical informatics firm VisualDx, comes as a response to the lack of...

Business |Beauty

Unilever invites start-ups to partner on sustainable beauty solutions

Unilever, which owns beauty brands including Dove, Vaseline and Tresemmé, is inviting start-ups, scale-ups and academic spinouts to partner with them on a new entrepreneurial challenge focused on sustainable beauty solutions. The Unilever Foundry, Unilever’s collaborative innovation network, is looking for start-ups who can bring “brilliant...

Business |Beauty Featured

Unilever to simplify organisation to a category-focused business

Unilever, which owns brands including Dove, Vaseline and Sunsilk, is simplifying its organisation to a more category-focused business, which will result in a cut of 1,500 jobs worldwide. The consumer goods business said in a statement that they would be moving away from its current matrix structure to five category-focused business groups:...