Unilever Plc is in advanced talks to sell Elida Beauty, a division that includes non-core beauty and personal care brands such as Q-Tips and Impulse, to private equity firm Yellow Wood Partners, people familiar with the...
Hindustan Unilever completes purchase of 51 pc stake in Zywie Ventures
FMCG major Hindustan Unilever Ltd on Wednesday said it has completed the acquisition of a 51 per cent stake in Zywie Ventures for a consideration of Rs 264.28 crore. Now, Zywie Ventures, a wellness company, has become a...
Hindustan Unilever to acquire 19.8% in Nutritionalab for ₹70 crore
Hindustan Unilever Limited (HUL) announced today that it is going to acquire 19.8% shareholding for ₹70 crore of Nutritionalab Private Limited, a private limited company incorporated in India. Health and Wellbeing...
What does Unilever’s restructuring plan mean for HUL?
Egged on by activist investors, FMCG major Hindustan Unilever’s parent, Unilever Plc, rolled out a restructuring plan last week to simplify its organisation with a focus on driving sales growth and cutting costs. For...
Activist hedge fund ratchets up stake in Unilever
Trian Partners, Nelson Peltz’s activist hedge fund, has built a stake in Unilever Plc, ratcheting up the pressure on the consumer goods maker, a person familiar with the matter told Reuters on Sunday. Trian and...
Unilever to weigh raising offer for GSK’s consumer assets – Bloomberg
Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc’s consumer products division, Bloomberg reported on Sunday, citing people familiar with the...
Unilever to sell Lipton Tea owner to CVC Capital for $5 Billion
Unilever Plc, the owner of Lipton and PG Tips, agreed to sell some tea assets to buyout firm CVC Capital Partners in one of the year’s biggest carveouts by a European company. The transaction values the business at 4.5...
Minimalist raises ₹110 crore from Sequoia Capital, Unilever Ventures
Direct-to-consumer (D2C) skincare brand Minimalist on Thursday announced that it has raised ₹110 crore ($15 million) in a Series A funding round led by Sequoia Capital India with participation from Unilever Ventures...
Unilever to buy food supplement brand Onnit
Unilever Plc is acquiring food supplement company brand Onnit, the consumer goods giant said on Monday, joining rival Nestle SA in expanding its portfolio of brands focused on health and nutrition. The company did not...
Unilever says UK High court approved cross-border merger between entities
Unilever’s cross-border merger between its Dutch and British corporate entities has been approved by the United Kingdom’s High Court, the company said on Monday, marking the effective point of no return for...
Bombay High Court upholds single bench ruling in Hindustan Unilever-Emami row
The Bombay High Court dismissed Emami’s plea challenging a single bench’s order directing the Kolkata-based company to provide seven days prior notice before initiating legal proceedings against Hindustan Unilever or...
GSK selling $3.45 bln stake in Hindustan Unilever: Source
GlaxoSmithKline is selling $3.45 billion worth of shares in Unilever’s Indian business on the open market, one of the bookrunners organising the transaction told Reuters. The 5.7% stake in Hindustan UnileverNSE -1...