Welcome to our dedicated page for Unilever news (Ticker: UL), a resource for investors and traders seeking the latest updates and insights on Unilever stock.
Unilever plc (UL) generates a wide range of news and disclosures that reflect its role as a global consumer goods company. Company communications highlight activity across Beauty & Wellbeing, Personal Care, Home Care, Nutrition and Ice Cream, giving investors and observers insight into how its brand portfolio and operations evolve over time.
Recent North American news has covered sustainability and decarbonization projects, such as a major initiative to reduce carbon emissions at four U.S. ice cream factories producing Ben & Jerry’s, Talenti, Magnum, Breyers and other brands. That project, selected by the U.S. Department of Energy’s Industrial Demonstrations Program for award negotiations, involves replacing natural gas boilers with electric boilers and industrial heat pumps using waste heat recovery. Another news item describes Unilever’s participation in a collaboration with Alcoa and Ball Corporation to introduce ELYSIS carbon-free aluminum into personal and home care packaging.
Unilever news also includes brand and marketing partnerships, for example the announcement that its personal care brands Axe, Degree, Dove and Dove Men+Care were named Official Sponsors of CONMEBOL Copa América USA 2024™, with planned retail, digital and in-stadium activations. Portfolio transactions feature in releases from Yellow Wood Partners describing the acquisition of Suave’s North American brands and the carve-out and subsequent acquisition of Elida Beauty from Unilever.
Operational and product quality updates appear in the form of voluntary recalls, such as the 2024 recall of certain Popsicle Jolly Rancher single-serve frozen confection products due to potential undeclared milk and the 2023 recall of select Knorr Sopa Soup Mix products due to potential undeclared egg. These notices provide details on affected products, lot codes and consumer guidance.
By following UL news, readers can track Unilever’s sustainability initiatives, brand portfolio changes, marketing partnerships, product safety actions and other developments that may be relevant to understanding the company’s ongoing activities.
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.
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.
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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.