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In December 2017, Unilever sold its margarine and spreads division to investment firm KKR for €6.8bn. [ 78 ] [ 79 ] The sale was completed in July 2018, and the new company was named Upfield . [ 80 ]
Unilever has ruled out any big acquisitions in the near future following its failed £50 billion takeover of GlaxoSmithKline’s consumer arm as the Dove soap-maker warned it will be dented by ...
Unilever is powering through a strategic overhaul, which has so far included a wave of layoffs and a spinoff plan for its ice cream business. Unilever wants to sell brands worth €1 billion in ...
Unilever: GlaxoSmithKline (Consumer Health Unit) 68.4 76.9 Unilever made the offer for Glaxo's household brands unit in late 2021 but Glaxo's board and Pfizer, which owns a minority stake in the business, rejected the bid as too low. [462] 25 2009 Xstrata: Anglo American plc: 68.0 96.6
In December 2017, after months of negotiation by Schmidt and Cammarata, Unilever, acquired Schmidt's Naturals for an undisclosed sum. [ 25 ] [ 26 ] [ 27 ] After the acquisition, Cammarata became chief executive officer of Schmidt's Naturals [ 14 ] and Schmidt continued on as brand spokesperson.
When Gwen Whiting sold her cleaning brand the Laundress to Unilever in 2019, it was a triumphant moment 17 years into her run as a boot-strapped founder, securing a reported $100 million exit to a ...
Unilever could sell some small beauty and personal care brands as it looks to pivot its portfolio toward faster-growth areas, its chief financial officer said on Thursday. The Anglo-Dutch consumer ...
On 30 March 2004, Unilever Pakistan accepted an offer of Rs. 1.33 billion for the sale of its Dalda brand and related business of edible oils and fats to the newly incorporated company Dalda Foods (Pvt.) Limited. [17] On 16 January 2014, Unilever Philippines sold the Royal pasta brand to Philippine company RFM Corporation for around Php 2.1 ...