Unilever plc announced on Tuesday that its CEO Hein Schumacher will step down from the role on March 1 and be replaced by current Chief Financial Officer and Executive Director Fernando Fernandez. "Our focus will be on building a future-fit portfolio with an attractive growth footprint and...
Unilever plc announced on Thursday that its turnover in the fourth quarter of 2024 stood at €14.2 billion, marking a decline of 0.1% compared to the same period in 2023. Underlying sales growth in the three-month period was 4%. The quarterly dividend payable in March stood at €0.4528 per...
Unilever plc announced on Wednesday in a press release that its food brands Unox and Zwan, which have been a part of the company's portfolio for close to 100 years, will be acquired by Zwanenberg Food Group."Unilever is looking to sharpen its Foods portfolio for long-term growth and scalability,...
Unilever plc CEO Hein Schumacher told the Dutch financial daily FD on Monday that the company wants to sell several food brands with a combined turnover of about $1 billion.The statement comes as the company, which sells 400 brands worldwide, struggles to focus on its 30 "power" brands and...
Unilever abandoned plans to sell its €15 billion ice-cream division, which features brands like Ben & Jerry's, Magnum, and Wall's, and will now focus on spinning it off by listing it independently, according to The Financial Times report on Wednesday.The decision to separate the ice cream segment,...
Unilever plc reported on Thursday that its third-quarter turnover for fiscal 2024 amounted to €15.2 billion, remaining flat year-over-year. Underlying sales growth in the three-month period stood at 4.5%.For the first nine months of 2024, the company's turnover grew by 1.3% compared to the...
Elon Musk’s X Corp. filed an antitrust lawsuit in August against a group of advertisers, including Unilever, Mars and CVS, accusing them of conspiring to withhold "billions of dollars in advertising revenue" from Musk's social media platform X, formerly known as Twitter. He alleged that the companies...
Unilever plc shares jumped over 5% on Thursday's operations after the release of its earnings report for the first half of fiscal 2024 where investors saw growth in many of the company’s figures.The fast-moving consumer goods company reported a 2.3% increase in turnover, reaching €31.1 billion....
Unilever plc shared on Thursday that its turnover in the first six months of fiscal 2024 amounted to €31.1 billion, growing 2.3% on an annual basis.In the reported period, earnings per share jumped 5.4% year-over-year to hit €1.47. Net profit came in at €4 billion, up 3.5% compared to the same...
Unilever PLC is planning to slash about a third of its office jobs in Europe in 2024 and 2025, The Financial Times (FT) reported on Friday, citing the details of the management call it obtained.
According to those, Chief Human Resources HR (HR) Officer (CHRO) for Beauty and Wellbeing Constantina Tribou...
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