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.
Yellow Wood Partners has signed a definitive agreement to acquire Unilever's Suave brand in North America, aiming to complete the transaction by Q2 2023. Yellow Wood, a Boston-based private equity firm, is focused on consumer brands and plans to enhance Suave's brand investment and operational focus. Suave, known for providing affordable beauty products since the 1930s, includes a range of hair and body care items. Yellow Wood's strategy includes leveraging its experience with brand divestitures to drive growth and product innovation for Suave.
Unilever Food Solutions is recalling approximately 553 cases of Knorr Professional Soup du Jour Red Thai Style Curry Chicken with Rice Soup Mix due to undeclared milk in the product. This poses a risk of severe allergic reactions for those sensitive to milk. The affected lot, produced on January 19, 2022, was distributed from March 15 to July 12, 2022. Although no consumer complaints have been reported, customers are advised not to consume the product and to seek refunds with proof of purchase.
Unilever PLC filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, on March 9, 2022. The report is accessible on their investor relations website. In 2021, Unilever reported sales of €52.4 billion, with a strong presence in developing markets and a portfolio of around 400 brands. The company emphasizes its commitment to sustainable business practices and has received recognition in various sustainability indices. For further details, the report can be requested free of charge from their Investor Relations Department.
A new playground named DREAM Park was inaugurated on July 16 at Martin Luther King Park in San Antonio, providing a space for local youth to Be the Dream. The opening event featured representatives from the Eastside Boys & Girls Club, Unilever, and H-E-B. The playground transforms previously unused land to benefit the community, funded through partnerships and donations. Unilever's initiatives aim to empower women and families impacted by the pandemic, emphasizing community support through this project.
On May 14, Unilever U.S. will distribute ice cream treats like Klondike and Popsicle at vaccination sites nationwide, celebrating newly vaccinated individuals, site workers, and volunteers. This initiative is part of Unilever's second annual Day of Service, aimed at pandemic recovery and combating vaccine hesitancy. Additionally, Unilever will donate over $25 million in goods and services, raising total contributions to over $50 million. The company's efforts include supporting food security, education, and small businesses, particularly benefiting communities disproportionately affected by COVID-19.
Unilever has announced its acquisition of Onnit, a wellness company based in Austin, Texas. Onnit specializes in holistic health products, including supplements that enhance cognitive function and overall well-being. Founded in 2010, Onnit's offerings include popular items like Alpha BRAIN®, aimed at improving memory and focus. Unilever aims to expand its portfolio in the rapidly growing nootropic market, with Onnit complementing brands like OLLY and SmartyPants Vitamins. Financial terms of the deal remain undisclosed, pending regulatory approval.
Unilever North America is investing $15 million in Closed Loop Partners’ Leadership Fund to aid in recycling 60,000 metric tons of U.S. plastic packaging waste annually by 2025. This initiative aligns with Unilever’s goal to collect and process more plastic packaging than it sells by 2025, significantly reducing its plastic footprint. Currently, 59,000 metric tons of Unilever's plastic packaging is post-consumer recycled (PCR). This investment not only supports Unilever’s sustainability commitments but also aims to enhance the supply chain of recycled materials.
Unilever PLC filed its Annual Report on Form 20-F on March 10, 2021, for the fiscal year ending December 31, 2020, with the SEC. This report is available for download on their investor relations website. Unilever, a leader in Beauty & Personal Care and Foods & Refreshment, generated sales of €50.7 billion in 2020 and serves 2.5 billion consumers daily. The company is recognized for its sustainable business practices, being a leader in the Dow Jones Sustainability Index and ranked highly in the GlobeScan/SustainAbility survey.
Dollar Shave Club (DSC), part of Unilever, has launched its largest ad campaign, "We Got You," aimed at addressing real grooming problems men face. The campaign features a series of humorous spots showcasing DSC's innovative products, including the new 6 Blade vs 4 Blade Razor Starter Set. This initiative marks a significant evolution for DSC as it emphasizes its omnichannel presence, making its products available at various retail locations. CEO Jason Goldberger highlighted the brand's commitment to understanding customer needs while promoting its redesigned product line.
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