News
UL
50.19
+0.10%
0.05
Kitchen sponge maker Scrub Daddy explores sale, sources say
Kitchen sponge maker Scrub Daddy explores sale, sources say. The kitchen sponge maker gained popularity after securing an investment on U.S. TV show "Shark Tank" Scrub daddy is backed by entrepreneur Lori Greiner. The company generated more than $220 million of revenue last year.
Reuters · 18h ago
LVMH-backed L Catterton to form consumer-focused JV in India with former HUL CEO
LVMH-backed L Catterton to form consumer-focused JV in India with former HUL CEO Sanjiv Mehta. PE firm plans to invest in Indian consumer businesses, utilising its global reach and backing from France-based LVMH.
Reuters · 1d ago
Ben & Jerry's Long, Strange Trip to a Multibillion-Dollar Valuation
Unilever says it's looking to sell its ice cream business. Andy Serwer says Ben & Jerry's is a hot-button issue for the company. He says ice cream maker has a long history of taking on social and political issues. Serwer: Ben and Jerry's and Israel and Gaza are among the company's controversial issues.
Barron‘s · 1d ago
ANALYSIS-Foreign firms' losses from exiting Russia top $107 billion
Foreign firms' losses from exiting Russia top $107 billion since Russia's 2022 invasion of Ukraine. Moscow demands discounts of at least 50% on foreign asset sales. About 1,000 companies have exited Russia since the invasion. Russia has threatened to retaliate against the West for frozen assets.
Reuters · 1d ago
Unilever Is Cutting Back On Ice Cream To Revive Its Business
Unilever PLC plans to spin off its ice-cream business by the end of 2025. The company plans to cut 7,500 jobs as part of its cost-savings program. Ice-cream makes up 16% of Unilever's global sales. The Dutch company needs to focus on doing what it does best.
Benzinga · 2d ago
Unilever: Upcoming Ice Cream Exit Could Be A Huge Step In The Right Direction
Unilever announced it is planning to exit the ice cream business and cut 7,500 jobs. The company recently launched its productivity program, which includes splitting off its ice cream division. Ice cream division has underperformed compared to other divisions of Unilever. The ice cream exit could be a step in the right direction for the company. I believe the company has short-term upside potential of 10%.
Seeking Alpha · 3d ago
Unilever's Ice Cream Unit May Find Home In Amsterdam Over London: Report
Amsterdam may host Unilever's ice cream unit listing, valued at $18.4 billion. The Dutch government advocates for the company's broader food business to be listed in the Netherlands. The company said it will separate its ice cream business and focus on a portfolio of brands.
Benzinga · 3d ago
Unilever CEO Asks: Who Wants Ice Cream?
Unilever is one of the world's largest consumer products companies. CEO Hein Schumacher is restructuring the company to focus on four businesses. The company is separating the company's ice cream business. The ice cream division will be the largest in the world, with a 20% market share. Unilever will cut about 7,500 jobs as part of the restructuring.
Barchart · 3d ago
Unilever's ice cream unit could find a new home on Amsterdam's stock exchange
Consumer Unilever's ice cream unit could find a new home on Amsterdam's stock exchange. The company's CEO says the most likely scenario is to list the ice cream business on the Amsterdam Stock Exchange instead of the UK's FTSE. In 2020, the company received tax incentives to relocate to the Netherlands.
Seeking Alpha · 4d ago
Unilever Advances Major Decarbonization Project at Four U.S. Factories
The proposed project would cut 14,000 metric tons of carbon emissions per year. The facility upgrades will significantly reduce carbon emissions at the factories in Missouri, Tennessee, and Vermont. Unilever Ice Cream will replace natural gas boilers with electric boilers and industrial heat pumps using waste heat recovery. The project has been selected by the U.S. Department of Energy for up to $20.9 million of support.
Barchart · 4d ago
Bloomberg Reported Unilever CEO Hints Dutch Could Win Fight For Ice Cream Listing
Benzinga · 4d ago
Weekly Report: what happened at UL last week (0318-0322)?
Weekly Report · 4d ago
Unilever: The Company Is Moving In The Right Direction
Unilever PLC (UL) has been underperforming compared to its peers in the consumer staples sector. The company still has a high-quality product portfolio with sufficient growth prospects in emerging markets. Management is working on a turnaround and is shifting towards higher-margin segments. Unilever pays an above-average dividend yield of 3.7% and shares are 7.3% undervalued.
Seeking Alpha · 5d ago
PRESS DIGEST- Financial Times - March 22
Unilever approaches private equity for its ice cream business. UK consumer confidence at its best in seven years, says head of Next. The Scotsman-owner National World flags interest in Telegraph. BBC develops plans to build its own AI plans and talks to Big Tech over archives access.
Reuters · 03/22 00:10
Unilever recruits bankers for private equity interest in ice cream unit - report
Consumer Unilever recruits bankers for private equity interest in ice cream unit - report. The company plans to spin off the ice cream business as part of a new cost-savings program. The firm is also considering the sale of its majority stake in a Chinese water purification unit.
Seeking Alpha · 03/21 16:52
MEDIA-Unilever taps Morgan Stanley and JPMorgan for ice cream unit spinoff - FT
Reuters · 03/21 16:01
Is America’s love of ice cream melting away? Unilever’s break-up with Ben & Jerry’s isn’t the only sign.
MarketWatch · 03/21 10:00
Why Ben & Jerry's Will Keep Its Progressive Politics After Unilever Divorce
Unilever says it will hive off and likely list its ice-cream business. Unilever won a bidding war for Ben & Jerry's in 2000. The company says it is open to a sale of the brand. The divorce comes as ice cream sales in the U.S. Are declining. Ben &Jerry's has been involved in the culture wars.
The Wall Street Journal · 03/20 15:16
RPT-BREAKINGVIEWS-Mexican wave of nearshoring firms is all at sea
Mexico is in a prime spot for multinationals looking to move operations closer to their main markets. But the expected wave of firms is yet to materialise due to rising costs, creaking infrastructure and political uncertainty. Mexico has many of the ingredients international companies are looking for.
Reuters · 03/20 12:00
BRIEF-Unilever Said To Weigh Sale Of Water Purification Unit Truliva In China- Bloomberg News
Unilever Said To Weigh Sale Of Water Purification Unit Truliva In China. A sale could value Unilever's Qinyuan at about $300 million, according to Bloomberg News. The company said to be weighing sale of water purification unit in China.
Reuters · 03/20 10:03
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About UL
Unilever PLC is a United Kingdom-based fast-moving consumer goods (FMCG) company. The Company operates through five segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition and Ice Cream. The Beauty & Wellbeing segment sells hair care (shampoo, conditioner, styling), skin care (face, hand and body moisturizers) and includes Prestige Beauty and Health & Wellbeing. The Personal Care segment sells skin cleansing (soap, shower), deodorant and oral care (toothpaste, toothbrush, mouthwash) products. The Home Care segment sells fabric care (washing powders and liquids, rinse conditioners) and a range of cleaning products. The Nutrition sells scratch cooking aids (soups, bouillons, seasonings), dressings (mayonnaise, ketchup) and tea products. The Ice Cream segment includes ice cream products. It offers K18 is a biology hair care brand. Its subsidiaries include Unilever de Argentina S.A., Unilever Australia Limited, Unilever Canada Inc. and others.