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As of 2019 Hindustan Unilever's portfolio had more than 50 product brands in 14 categories. The company has 21,000 employees and recorded sales of ₹346.19 billion in FY2017–18. [3] In December 2018 HUL announced its acquisition of GlaxoSmithKline India's consumer business for US$3.8 billion in an all-equity merger deal with a 1:4.39 ratio.
This deal excluded the Unilever tea business in India, Indonesia and Nepal, and the Lipton Ice Tea joint-venture with PepsiCo. [86] The deal was completed in summer 2022. [87] In December 2023, Unilever announced the company would sell Elida Beauty to Yellow Wood Partners, a private equity firm in the United States. [88]
In September 1929, Unilever was formed by a merger of the operations of Dutch Margarine Unie and British soapmaker Lever Brothers, named as a blend of the two firms' names. [1] By 1930, it employed 250,000 people and in terms of market value, was the largest company in Britain. [7] Unilever was the first modern multinational company. [7]
The company announced that its tender offer for the shares of Hindustan Unilever closed today, with the result that the consumer goods multinational now owns 67.3% of the Unilever Bid for Indian ...
Unilever, the consumer goods giant that owns brands ranging from Ben & Jerry's ice cream to Dove skin care, raised prices by more than 11% between April and June as inflation surged around the world.
Nestle (NESN.S), Unilever (ULVR.L) (UNc.AS) and Coca-Cola (KO.N) are among bidders for GlaxoSmithKline's (GSK.L) Indian Horlicks nutrition business, expected to fetch more than $4 billion, four ...
Unilever Pakistan Limited was founded as Lever Brothers Pakistan Limited in 1948. [3] The town of Rahim Yar Khan was the site chosen for setting up a personal care factory. In the mid 1960s, the company shifted its headquarters to Karachi from the Rahim Yar Khan site. [4] In December 1980, Unilever was listed on the Karachi Stock Exchange. [5]