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...Unilever’s advisers began their outreach to private equity firms only after the company’s formal announcement, one of the people said....
...The independence of Ben & Jerry’s board was enshrined when Unilever acquired the company in 2000....
...CVC acquired the estates as part of its €4.5bn purchase of Unilever’s tea division, then named Ekaterra, in 2021....
...part of Unilever....
...It was always so, but it has become more awkward for companies such as Unilever, with its focus on nutrition and ambition to become “a world-class force for good in food”....
...Ice-cream — which accounted for 13 per cent of Unilever’s total sales last year — has few synergies with the rest of the group’s home, food and personal care business....
...The business currently operates from Rotterdam, alongside the food division. Shares in Unilever rose as much as 5 per cent on Tuesday, lifting the FTSE 100 company’s market capitalisation to £98bn....
...Imagine that the new ice-cream company traded in line with the valuation at which Nestlé sold Häagen-Dazs in 2019, and lop the resulting €17bn (£14.5bn) off Unilever’s current £118bn of enterprise value....
...Fund manager Terry Smith said Unilever had “lost the plot” after Jope said one purpose of Hellmann’s mayonnaise was to reduce food waste. The CMA is right to crack down on greenwashing....
...Investors co-ordinated by ShareAction started to call on food companies such as Nestlé, Unilever and Kraft Heinz to improve the health of their portfolios as a result of the clear link between bad diets...
...were yet to see evidence that the company’s turnaround plans were working....
...significant opportunities for food and agricultural businesses”....
...The regulator’s investigation into Unilever is part of a wider probe into greenwashing by companies, which the regulator expanded in January to include consumer goods such as food and toiletries....
...Volumes fell by a painful 10.7 per cent in Europe as shoppers looked elsewhere for cheaper foods....
...Chances are Unilever took a shave itself, spending $1bn on the acquisition in 2016 and booking a €192mn impairment charge five years later. Nestlé, the Swiss food giant, acknowledges duds....
...Finance minister Bruno Le Maire has threatened to impose special taxes on food companies that do not pass on lower prices to consumers in order to claw back “undue” profits as their costs have fallen....
...Key economic and company reports Here is a more complete list of what to expect in terms of company reports and economic data this week....
...India’s Tata conglomerate is on the hunt for food and drink acquisitions that it can grow internationally, as the Tetley tea owner sets out to become a major consumer goods player....
...It did so at the risk of reigniting a long-running dispute with its parent company Unilever, which sold the Israeli arm of the brand to a local licensee in 2022, after Ben & Jerry’s attempted to stop selling...
...Unilever last week reported a marginal uplift in sales volumes for the full year of 0.2 per cent, while food giant Nestlé is expected next week to report a 0.1 per cent drop in real internal growth — its...
...Some deals occurred in the food and drinks sector last year, including JM Smucker’s acquisition of Hostess Brands, Unilever’s acquisition of frozen yoghurt brand Yasso, and Nestlé forming a joint venture...
...Like other companies that have continued to do business in Russia, including Nestlé and Unilever, Mondelez has drawn criticism from consumers and Ukrainian groups who argue western companies still operating...
...Peltz has had more success recently at Unilever, which he has sought to streamline to improve margins....
...Schumacher, who replaced the company’s chief executive of five years Alan Jope, said his task ahead was to use Unilever’s “strong fundamentals” to drive improved performance and competitiveness....
...Bust-ups between food manufacturers and retailers are nothing new, especially when rising inflation squeezes everyone’s margins....
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