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...will add to pressure on incoming chief executive Hein Schumacher, who takes the helm in July, to boost growth after a period in which Unilever’s share price has trailed behind rivals such as Nestlé and Procter...
...Sales volumes at Switzerland’s Nestlé and US-based Procter & Gamble fell in the third quarter as inflation continued to surge and consumers’ tolerance for steep price increases began to crack....
...She has previously worked at Dutch multinational Ahold Delhaize and Procter & Gamble, giving her experience beyond Unilever....
...said Unilever could look to its own senior ranks for candidates to replace Jope, such as food division chief Hanneke Faber, or externally to figures such as Shailesh Jejurikar, chief operating officer at Procter...
...Upcoming results — including Unilever and Mondelez on July 26, Danone and Reckitt Benckiser on July 27, Nestlé on July 28 and Procter & Gamble on July 29 — will show whether they were able to pass on further...
...Other consumer goods groups including Reckitt Benckiser, Procter & Gamble and Nestlé are due to report their earnings later this week....
...However, rivals such as Procter & Gamble and Nestlé have managed to increase prices without causing a decline in sales volumes....
...Procter & Gamble has reported its strongest sales growth in two decades as consumers continued to stomach the price increases the company has rolled out since last year....
...Nestlé’s update follows news from Procter & Gamble that it had also increased prices by 5 per cent in the three months, helping it to achieve its strongest sales growth in two decades....
...The elevation of Peltz to the board is the latest in a series of interventions in the consumer goods sector by the activist investor, who has previously sat on the boards of Procter & Gamble, Heinz and Mondelez...
...The London-based company has become the latest global group to report steep consumer price rises, though rivals such as Procter & Gamble and Nestlé have succeeded in pushing up prices without causing a decline...
...The price rises echoed those of competitors such as Unilever and Procter & Gamble, along with food groups such as Nestlé, which have also begun passing on steep rises in commodity costs to consumers....
...Makers of branded consumer staples have so far succeeded in passing price rises on to consumers: Nestlé, Heineken, Danone and Procter & Gamble all said this week they had increased prices by about 5 per...
...It has a long history in the consumer goods sector, and notably has led activist campaigns at Mondelez International, Procter & Gamble and Sysco....
...The Financial Times reported at the weekend that the $8.5bn New York-based hedge fund, which has previously intervened at Procter & Gamble and Mondelez, had bought into Unilever, which was already under...
...He now confronts a fierce activist fund known for demanding streamlining and governance reforms at consumer goods groups including Procter & Gamble, Sysco and Mondelez....
...The group has underperformed rivals such as Nestlé and Procter & Gamble, where Trian founding partner Peltz sat on the board for three years....
...Food and household products makers have issued similar warnings: Procter & Gamble, for example, last month announced fresh price rises on its products to take effect at the end of February....
...Peltz, who has previously pushed forward changes at companies including Procter & Gamble and Kraft, has not said what he wants to see from Unilever, but the maker of Dove soap, Domestos bleach and Hellmann...
...An alternative bid appeared less likely after Procter & Gamble, the consumer goods conglomerate named by analysts as a potential buyer, on Wednesday effectively ruled out an approach, saying it did not need...
...Others drew parallels between Unilever and rival Procter & Gamble, which was the target of a campaign by Peltz, who sat on its board for three years until last year....
...Procter & Gamble has been considering adding more consumer healthcare assets to its portfolio of products, they said....
...The most obvious other potential bidder, Procter & Gamble, in effect ruled itself out by declaring this week that it had no plans for large M&A....
...Other rivals include consumer groups Procter & Gamble, Colgate, Reckitt Benckiser and Nestlé, and drugmakers Bayer and Sanofi, while cheaper private-label products also command a chunk of the market....
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