Unilever news and archive

Unilever experiences strong sales for Q1 driven by price growth

British consumer goods group Unilever has announced its financial results for Q1 of 2023, largely defined by a strong underlying sales growth of 10.5 percent driven by price growth in response to cost inflation. Its price growth rose 10.7 percent, while all of its business groups and geographies also saw increases, including beauty and...

Fashion Featured

Influencers can help people switch to sustainable living

Research from Unilever suggests that social media influencers can have a positive impact on consumer behaviour, especially when it comes to sustainability. Unilever partnered with a cohort of eco-conscious influencers and behavioural scientists to examine the role of influencer content in impacting sustainable choices. In partnership with the...

Report

Unilever names Hein Schumacher CEO after lengthy search process

Consumer goods conglomerate Unilever has announced the appointment of Hein Schumacher as its new chief executive officer months after Alan Jope stated his intention to retire. Schumacher currently serves as CEO of dairy and nutrition business Royal FrieslandCampina and became a non-executive director of Unilever in October, 2022. He has been...

Report

Unilever CEO to step down next year

The chief executive officer of beauty and wellbeing company Unilever has announced his intention to step down from his position at the end of 2023. Alan Jope, who is set to retire, has been with the British firm for over 35 years and has served as CEO for almost five years. The Unilever board of directors has said it will be proceeding with a...

Business

Unilever and Geno invest 120 million dollars in commercialising plant-based ingredients

Unilever has announced it will be making a joint investment together with biotech firm Geno that aims to commercialise and scale plant-based alternatives to products like palm oils and fossil fuels for cleaning and personal care products. The 120 million dollar investment, which the duo is expecting other strategic investors to add to at a late...

People

Unilever appoints new non-executive director

Unilever PLC has appointed Nelson Peltz as a non-executive director and a member of its Compensation Committee. Peltz is chief executive officer and a founding partner of investment management firm Trian Fund Management that manages funds which hold interests in approximately 37.4 million ordinary shares of Unilever, constituting approximately...

Business

Vaseline launches platform aiming to improve skin healthcare for people of colour

Petroleum jelly specialist Vaseline has launched a new online database designed to diversify the search of conditions for skin of colour, in a bid to help users get the proper care required for their skin. See My Skin, created alongside digital health company Hued and medical informatics firm VisualDx, comes as a response to the lack of...

Business |Beauty

Unilever invites start-ups to partner on sustainable beauty solutions

Unilever, which owns beauty brands including Dove, Vaseline and Tresemmé, is inviting start-ups, scale-ups and academic spinouts to partner with them on a new entrepreneurial challenge focused on sustainable beauty solutions. The Unilever Foundry, Unilever’s collaborative innovation network, is looking for start-ups who can bring “brilliant...

Management |Beauty Featured

Unilever to simplify organisation to a category-focused business

Unilever, which owns brands including Dove, Vaseline and Sunsilk, is simplifying its organisation to a more category-focused business, which will result in a cut of 1,500 jobs worldwide. The consumer goods business said in a statement that they would be moving away from its current matrix structure to five category-focused business groups:...

Business

Unilever to acquire Paula’s Choice skincare

Unilever, the global company responsible for brands like Dove and Sunsilk, will acquire Paula’s Choice skincare from TA Associates. Paula’s Choice skincare launched in 1995 and is known for its high-performing ingredients and cruelty-free products. The company also breaks down the science behind its skincare products and offers an extensive...

Business

Unilever to eliminate word ‘normal’ from all beauty products

Unilever — the company behind skincare brands such as Dove, Vaseline, Axe, Sunsilk, and more — has announced that it will eliminate the word ‘normal’ from all beauty and personal care products packaging and advertising in a push to be more inclusive. As part of the London-based company’s new positive beauty vision and strategy, it will also stop...

Business

Unilever to acquire skincare brand Tatcha

Unilever — the company behind skincare brands such as Dove, Vaseline, Clear, and more — has announced that it has signed an agreement to acquire luxury skincare brand Tatcha, according to a press release from company. Tatcha was founded in San Francisco by Vicky Tsai 10 years ago and has an innovation center, also known as the Tatcha Institute,...