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 reports developments across a global consumer goods portfolio organized around Beauty & Wellbeing, Personal Care, Home Care and Foods. Recurring news includes brand and product activity for names such as Dove, Axe, Degree, Knorr, Hellmann's and related consumer categories, along with product safety actions, allergen-labeling recalls, sponsorships and portfolio updates.
Company news also covers packaging and manufacturing sustainability initiatives, including low-carbon aluminum packaging and factory decarbonization projects, as well as material agreements, governance matters, capital-structure updates, share buybacks and operating and financial results.
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.
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.