Welcome to our dedicated page for Unilever plc news (Ticker: UL), a resource for investors and traders seeking the latest updates and insights on Unilever plc stock.
Unilever plc, headquartered in London, is a leading British multinational consumer goods company operating in around 190 countries. As the largest producer of soap worldwide, Unilever's extensive portfolio includes food, condiments, ice cream, cleaning agents, beauty products, and personal care items.
Unilever's business is diversified into three main segments: personal care (52% of 2022 sales), homecare (14%), and packaged food (34%). The company boasts renowned brands like Knorr soups and sauces, Hellmann's mayonnaise, Axe and Dove skin products, and TRESemmé haircare products.
In recent years, Unilever has been active in acquisitions, adding notable brands such as Paula's Choice, Liquid I.V., Horlicks, Garancia, and The Vegetarian Butcher to its portfolio. This strategy has bolstered its market position and expanded its product offerings.
Recently, Unilever announced a binding offer from Yellow Wood Partners LLC, a Boston-based private equity firm, to acquire the Elida Beauty portfolio. This portfolio includes popular brands like Q-tips®, Impulse, Caress, Tigi, Timotei, Monsavon, Brut, Moussel, Alberto Balsam, and VO5. The transaction, expected to complete by mid-2024, reflects Unilever's ongoing efforts to streamline its portfolio and focus on core areas of growth.
Financially, Unilever remains robust with consistent revenue streams from its diversified product range. Its global reach and strong brand presence enable it to maintain a significant competitive edge in the consumer goods market.
Unilever's partnerships and strategic initiatives, such as the Elida Beauty deal, continue to drive growth and innovation. This commitment to enhancing product quality and expanding market access underscores Unilever’s role as a pivotal player in the consumer goods industry.
Unilever U.S. is recalling approximately 137,000 cases of Popsicle Jolly Rancher Frozen Confection Pop single-serve products due to undeclared milk. The recall affects only products marked for individual sale, typically sold through ice cream trucks, concession stands, and grab-and-go freezers. Multi-pack products sold in grocery stores are not affected.
The recall covers specific lot codes of the 2.71 fl oz Green Apple Blue Raspberry Grape flavor, distributed between February 1, 2024, and August 15, 2024. Two allergic reactions have been reported. Consumers with milk allergies are advised not to consume the product and visit www.PopsicleRecall.com for reimbursement information.
Yellow Wood Partners, a private equity firm in Boston, has finalized its acquisition of Elida Beauty brands from Unilever, which includes notable consumer brands like Q-tips, Caress, Ponds, and St. Ives. Alfie Vivian, a former executive at Tyson Foods, has been named CEO of the newly independent Elida Beauty. This acquisition allows Yellow Wood to expand its presence in the health and beauty sector, adding to a portfolio of over 50 brands with retail sales exceeding $3 billion. The company aims to leverage its expertise to drive growth and operational efficiency in Elida Beauty’s global markets.
Accenture (NYSE: ACN) has appointed Alan Jope, CEO of Unilever (LSE: ULVR), to its Board of Directors effective immediately. Mr. Jope, who will serve on the Nominating, Governance & Sustainability Committee, brings extensive experience in the consumer goods sector and sustainable business practices. His appointment will be subject to re-appointment at the next annual general meeting. With this addition, Accenture’s board now consists of 10 members, nine of whom are independent. Julie Sweet, Accenture's chair and CEO, emphasized Mr. Jope's leadership potential and industry insight as essential for driving the company's strategic goals and creating value for stakeholders.
Accenture (NYSE: ACN), Microsoft (Nasdaq: MSFT), and Unilever (LSE: ULVR) have successfully completed a major cloud migration, marking a significant achievement in the consumer goods sector.
This transition, executed in just 18 months, will enhance Unilever's operational resilience, customer service, and product launch speed, while supporting its sustainability goals.
Utilizing Azure as its primary cloud platform, Unilever aims to leverage AI and cloud technology for innovation, efficiency, and reduced carbon emissions. This partnership sets a new standard for cloud transitions in the industry.
Unilever has announced the sale of its Suave brand in North America to Yellow Wood Partners LLC. This move is part of Unilever's strategy to shift towards more strategic growth opportunities. Esi Eggleston Bracey, President of Unilever USA, expressed confidence in Suave's future success under new ownership. The transaction is expected to close in Q2 2023, pending regulatory approvals. Suave will continue to be managed by Unilever outside the U.S. and Canada. Financial details of the sale have not been disclosed.
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