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Hein Schumacher - 1 ” - 1 Richard Hunter - 1
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— Unilever - 1 Unilever - 1 London Stock Exchange - 1

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4 mentions found


☆ Unilever Is Cutting 7,500 Jobs and Spinning off Its Ice Cream Business
  + stars: | 2024-03-19 | by ( Associated Press | March | At A.M. | ) www.usnews.com   time to read: +2 min
LONDON (AP) — Unilever, the company that makes Ben & Jerry’s ice cream, Dove soaps and Vaseline, said Tuesday that it is cutting 7,500 jobs and spinning off its ice cream business to reduce costs and boost profits. London-based Unilever said its ice cream business, which also includes Magnum bars, has “distinct characteristics” from its other brands and would benefit from separate ownership to increase growth. The British consumer goods company with 128,000 employees also said it is launching a “productivity program” that is expected to lead to a reduction of about 7,500 mostly office-based jobs worldwide. The company behind Hellman’s mayonnaise, Axe fragrances and Cif household cleaners said it is targeting underlying sales growth of mid-single digits after spinning off the ice cream business. It saw sales volume drop 3.6% in 2022 after jacking up prices 13.3% on average across its brands that year.
Persons: Hein Schumacher, ”, Richard Hunter Organizations: — Unilever, Unilever, London Stock Exchange Locations: London
☆ Higher Prices Hit Demand for Unilever’s Soap and Ice Cream
  + stars: | 2023-02-09 | by ( Peter Stiff | ) www.wsj.com   time to read: 1 min
Unilever said sales volumes fell most in ice cream, with in-home sales in prior years boosted by pandemic lockdowns. LONDON— UnileverPLC reported a fall in quarterly sales volumes as higher prices for its soap and ice cream hit consumer demand, and warned that the trend was set to continue this year. The maker of Dove soap and Ben & Jerry’s ice cream said sales volume fell 3.6% in the fourth quarter, with declines in all its business groups, as it increased prices by an average of 13.3%. Underlying sales growth for the three months to Dec. 31 came in at 9.2%, above analysts’ expectations.
☆ Dove Maker Unilever Boosted by Record Price Increases
  + stars: | 2022-10-27 | by ( Peter Stiff | ) www.wsj.com   time to read: 1 min
LONDON— Unilever PLC raised its full-year sales forecast after the consumer-products giant pushed through record price increases of 12.5% in the third quarter. The maker of Dove soap and Ben & Jerry’s ice cream on Thursday reported a 10.6% rise in underlying sales growth for the quarter, driven by higher selling prices, with sales volumes declining 1.6%.
☆ Unilever CEO to Retire Next Year After Rocky Tenure
  + stars: | 2022-09-26 | by ( Peter Stiff | ) www.wsj.com   time to read: 1 min
LONDON— Unilever PLC said Chief Executive Officer Alan Jope plans to retire at the end of next year, signaling an end to what has been a challenging tenure at the helm of the maker of Dove soap and Ben & Jerry’s ice cream. The London-based consumer-goods giant said Monday that it would conduct a formal search for a successor and consider both internal and external candidates.
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