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Unilever sells its business in Russia
  + stars: | 2024-10-10 | by ( ) edition.cnn.com   time to read: +2 min
Unilever, owner of brands including Dove soap and Hellmann’s mayonnaise, said Thursday that it has completed the sale of its Russian business to Arnest Group, a local manufacturer of perfume, cosmetics and household products, for an undisclosed amount. The British consumer goods company said the sale includes all of its business and four factories in Russia as well as its business in Belarus. “Over the past year, we have been carefully preparing the Unilever Russia business for a potential sale. The Kremlin demands a discount of at least 50% on exit deals involving firms from what it calls “unfriendly” countries — those that have imposed sanctions against Russia. The exodus of firms from Russia has cost foreign companies more than $107 billion in writedowns and lost revenues, according to a Reuters analysis in March.
Persons: Hein Schumacher, Unilever’s, ” Schumacher Organizations: Unilever, Arnest Group, , Unilever Russia, Kremlin, Russia, Arnest, Danone Locations: Russia, Belarus, Ukraine, writedowns
Jeffrey Talajic, who runs MagicTripTools.com, analyzed Florida park prices at Walt Disney World and Universal Resort Orlando going back to 1990, using data from the Orlando Sentinel newspaper. Talajic found that Disney World raised prices 22 out of the past 35 years, and Universal raised theirs 23 times. Jeffrey Talajic/MagicTripTools.comMindy Marzec, who runs the travel website thisfairytalelife.com, said she always jokes that three things in life are certain: death, taxes and Disney parks raising ticket prices. In Florida, guests can save between $60 and $200 per night on Disney World ticket and hotel packages for much of the first half of 2025. Another deal on the Disney World website offers hotel discounts between 10% and 25% on many dates from January through April.
Persons: Jeffrey Talajic, , Jessica Good, , Walt, Price, Talajic, Universal, Mindy Marzec, Marzec, ” Marzec, wouldn’t, he’s, ” Gavin Doyle –, , ” Doyle, ” Talajic, bookable Organizations: CNN, Disneyland –, Disneyland, Disney, Disneyland Resort, Walt Disney, Walt Disney World, Universal Resort Orlando, Orlando Sentinel, Universal, Animal, Costco, Southern, Disney Food Locations: California, Florida, Anaheim, Southern California, Magic Kingdom
CNN —The chance to win an NBA title doesn’t come around very often. Even when they do, injury misfortune can instantly derail a team’s title dream. That’s why Nuggets head coach Michael Malone said he “never” takes Jokić’s “greatness” for granted as the pair attempt to retake their NBA crown. The MVPs, the championship, he’s still the same guy. “You have the highest victory, first franchise championship in 47 years.
Persons: doesn’t, Nikola Jokić, , Jokić, , Michael Malone, , Ronald Martinez, ” Malone, CNN’s Bijan, I’ve, Nikola, Steph Curry, LeBron James, Russell Westbrook, he’s, He’s, Jaylen Brown, Larry O’Brien, Peter Casey, Westbrook, Dario Šarić, Malone, , wouldn’t, team’s, Adam Silver, ” Silver, “ We’ve, Joe Dumars –, Fadel Senna, Holiday, that’s Organizations: CNN, Denver Nuggets, Nuggets, Minnesota Timberwolves, NBA, Boston Celtics, of Famer, Dallas Mavericks, USA, Reuters, Western Conference, West, Celtics, Getty Locations: Serbian, Abu Dhabi, AFP, Boston
PepsiCo is selling bigger packs of chips to win over inflation-weary shoppers. It's the latest sign that shoppers are getting some relief after years of rising food prices. PepsiCo is adding more chips in packs without raising prices, company executives said during an earnings call on Tuesday. PepsiCo is also adding two or three extra bags of chips to variety packs, which typically contain around a dozen small bags of chips, he said. Executives at PepsiCo, one of the world's largest snack and beverage makers, had indicated in July that relief from higher snack prices was on the way.
Persons: , There's, Ramon Laguarta, Laguarta, Sen, Elizabeth Warren, Madeleine Dean, Mills, Warren, Dean, Kamala Harris Organizations: PepsiCo, Service, snackers, Frito, Lay Locations: America
New York CNN —Fans of Whole Foods’ iconic Berry Chantilly Cake have been up in arms on social media over the past few weeks. Berry Chantilly fans say they were victims of skimpflation, a member of the shrinkflation and inflation family. Whole Foods customers were quick to catch on, and by Friday, the company announced it had reversed its changes. “Based on feedback from our customers, we will reintroduce single slices of the Berry Chantilly Cake that are the same as the classic our customers know and love,” a Whole Foods spokesperson told CNN on Friday. The cake slices will be back to their previous version by next week, the company said.
Persons: Berry, It’s, , Berry Chantilly, they’re, , ” Joseph Balagtas, Edgar Dworsky, ” Dworsky, Dworsky, Blommer, Balagtas, ” Balagtas Organizations: New, New York CNN, Foods, Purdue University, CNN, Louis Federal Reserve, Consumer, “ Manufacturers, St, Reuters, Companies Locations: New York, West Africa, North America
Campbell Soup could be poised to benefit from an uptick in GLP-1 drug usage, according to Bernstein. Among the 20 analysts covering Campbell, only five have a strong buy or buy rating, while 12 have a hold rating. In addition, the analyst anticipates that reduced chocolate consumption from GLP-1 intake may hinder U.S. chocolate volumes by 2% to 3%. "Unfortunately, chocolate category volumes remain stubbornly negative and Hershey's chocolate volumes also remain weak despite lapping easier and easier comparables in recent months," Howard continued. Meanwhile, only four have a strong buy or buy rating, and its average target of $202.14 implies a gain of about 5% ahead.
Persons: Campbell, Bernstein, Eli Lilly's Mounjaro, Alexia Howard, Milano, Howard, they've Organizations: Nordisk's Ozempic, Hershey Locations: GLP
When the power goes out, it’s a race against time to make sure food doesn’t spoil. “Bacteria multiply quickly between temperatures of 40 degrees Fahrenheit and 140 degrees Fahrenheit,” CNN wellness expert Dr. Leana Wen told CNN. Once the power is cut, a full freezer can hold a safe temperature for 48 hours with the door closed. They should also be kept in separate areas of the refrigerator any day of the week, regardless of the weather. If you are in one of these high-risk groups, the CDC recommends paying special attention to food safety procedures when buying, preparing, cooking and storing your food.
Persons: it’s, Leana Wen, , , Bill Marler, ” Marler, they’re, Don’t, Hurricane Helene, Bryan Olin Dozier, Wen, Marler Organizations: CNN — Hurricanes, US Centers for Disease Control, CDC, CNN, Press Locations: Seattle, CJ's, Lansing , North Carolina
Red Lobster's new chief executive Damola Adamolekun during an interview with CNN at a Red Lobster in Long Island, New York, last week. CNNIn Springfield, he first ate at a Red Lobster with his parents and two siblings after church one Sunday. Red Lobster was where he, like millions of Americans, experienced eating lobster and cracking crab legs for the first time. Beyoncé sang about taking a romantic partner to Red Lobster in her 2016 hit song “Formation.”After Red Lobster filed for bankruptcy, Flava Flav ordered the whole menu to try to save the company. Red Lobster closed more than 100 restaurants this year, including a location in Orlando, Florida, shown this year.
Persons: Damola Adamolekun, , ” Adamolekun, It’s, , Adamolekun, Bill Darden, Mills, Chris Rock, Nicki Minaj, Beyoncé, Flav, “ Mr, ” —, Kevin Lamarque, Clarence Otis Jr, RJ Hottovy, Hottovy, Adamolekun’s, ” Hottovy, , Red, Phelan M, can’t, John Paulson, Paulson, P.F, Chang’s, Morgan McClure, Fortress, ” McClure, Brandon Bell, isn’t Organizations: New, New York CNN, CNN, Fortress Investment, Fortress, Red, Boomers, Darden, Thai Union Group, Former Red Lobster, Thai Union, As Thai Union, Thai, Brown University, Harvard Business School, Paulson & Co Locations: New York, Long, , New York, Nigeria, Zimbabwe, Netherlands, Springfield , Illinois, United States, Long Island , New York, Springfield, America, Alexandria , Virginia, Olive, Thai Union, Thai, Orlando , Florida, P.F, Chang’s, Columbia , Maryland, New York City, Scottsdale , Arizona, Austin , Texas
If you own a Kitchenaid stand mixer, then you know they’re a prized possession among home bakers and cooks. To further customize your cooking experience, there are tons of different accessories and attachments that you can use with your stand mixer. Below, I rounded up some of the best Kitchenaid-compatible stand mixer attachments and accessories that’ll streamline all of your culinary projects. How I picked the best Kitchenaid stand mixer attachments and accessoriesHere’s what I recommend prioritizing when looking for a Kitchenaid stand mixer attachment or accessory, based on my experience as a home cook and insight from Dan Langan, a food content creator and author. This fitted stand mixer cover helps prevent your appliance from collecting dust when you’re not using it and shields your mixer from accidental spills or splashes.
Persons: Stanley, they’ve, Dan Langan, Langan, , , Zoe Malin, who’s, ” Malin, you’re, TikTok Organizations: NBC, Metro Design, ., Facebook, Twitter Locations: it’s, cheddar
Soon, Daily Harvest had narrowed its internal investigation to a new ingredient used for its high-protein content: tara flour. Tara flour is one of two products made from the seed pods of a thorny shrub native to Peru. The pods of the tara plant are used to make tara gum and tara flour. As some consumers had discovered, tara flour was not safe, the FDA decreed in May 2024 — nearly two years after the ingredient sickened hundreds. During that time, however, other manufacturers could have used the now-“unapproved food additive.”“This incident shows how broken our food regulatory system is.
Persons: Gwyneth Paltrow, Serena Williams, “ I’ve, ” Cory Silverstein, Silverstein, Luke Wesley Pearson, tara, we’ve, Rachel Drori, GRAS, , It’s, , Pieter Cohen, Cohen, , Tara, Tragically, Alexi Giannoulias, Sarah Gallo, “ GRAS, ” Gallo, Sarah Silbiger, Melanie Benesh, BVO, Giannoulias, Benesh, ” Benesh, Jim Jones, ” Jones, Thomas Galligan Organizations: CNN, Leek Crumbles, Harvest, CNN Business, Food and Drug Administration, FDA, Daily Harvest, Daily, Cambridge Health Alliance, The New England, of Medicine, Consumer Brands Association, Office, Natural Resources Defense Council, Environmental, Industry, Union, Illinois Food Safety, Illinois Senate, Getty, European Union, Human Foods, Center for Science, Locations: Peru, United States, Somerville , Massachusetts, The, California, Illinois, Jena
Conagra Brands' stock fell sharply this week after the packaged-food company reported quarterly earnings that fell well short of analysts' expectations. We'll discuss how to play it with options if this company is caught in a longer-term decline. For the fiscal first quarter ending August 25, Conagra posted an adjusted eps of 53 cents a share, missing estimates. However, the most significant institutional options trades weren't betting on considerable upside. CAG YTD mountain Conagra, YTD Conagra traded eight times the average daily options volume, with puts outpacing calls.
Persons: Conagra, YTD Conagra, Seinfeld, we'll, T Rowe Price Organizations: Brands, CNBC, NBC UNIVERSAL
Vice presidential candidates JD Vance and Tim Walz faced off in their first and only debate Tuesday night, squaring off over everything from foreign policy and the economy to the 2020 election and abortion rights. Contemporaneous newspaper reports — first reported by Minnesota Public Radio News and APM Reports — place Walz in Nebraska at the time. Fact-check: Is housing 60% more expensive during the Biden administration? “Iran, which launched this attack, has received over $100 billion in unfrozen assets thanks to the Kamala Harris administration," Vance said. As part of a prisoner exchange the Biden administration negotiated with Iran last year, $6 billion more in Iranian assets were unfrozen.
Persons: Vance, Tim Walz, Walz, , America —, , , That’s, Kamala Harris, Biden, Harris, hasn’t, " Walz, Harris “, she’s, Donald Trump’s, You’ve, Donald Trump, Obama, Harris wasn’t, unfroze, Trump, Trump “, I’ve, Mike Pence Organizations: America, CNN, Minnesota Public Radio, APM, U.S, Center for American Progress, Economic, Global, Washington Post, Social Security, Immigration, Department of Homeland Security, NBC News, Biden, Democratic, Health Affairs, Customs, Capitol, Centers for Disease Control, Minnesota Health Locations: China, Nebraska, Hong Kong, Beijing, Russia, Saudi Arabia, Ireland, Norway, Spain, Lechleitner, U.S, Iran, Minnesota,
PepsiCo said Tuesday that it's buying Mexican-American food company Siete Foods for $1.2 billion, marking the company's first food acquisition in roughly five years. Like many food companies, Pepsi has been trying to shift its portfolio to include healthier options in recent years, usually through acquisitions. Soon that will also include Siete. In August, M&M's owner Mars announced it would buy Pringles parent Kellanova in a deal valued at nearly $36 billion. This March, Campbell Soup completed its $2.7 billion acquisition of Rao's pasta sauce maker Sovos Brand.
Persons: Bare, Veronica Garza, Ramon Laguarta, Mars, Campbell Soup, Sovos Brand Organizations: PepsiCo, Foods, Pepsi, Siete, Target, Kroger, CVS, &' $ Locations: American
“That particular product had up to 22,800 parts per million of total flame retardants — that’s almost 3% by weight,” Liu said. That chemical is a member of the polybrominated diphenyl ethers, or PBDE, class of flame retardants. “I would recommend not using black plastic for food contact materials or buying toys with black plastic pieces,” said Birnbaum, who was not involved in the study. What consumers can doExperts say there are ways that consumers can reduce their risk from flame retardants. “Replace your plastic kitchen utensils with stainless steel options or choose plastic free items to help reduce your overall exposure to harmful additives and plastic,” Liu said.
Persons: CNN —, , Megan Liu, ” Liu, Liu, DecaBDE, decaBDE, toxicologist Linda Birnbaum, , Birnbaum, ” Erich Shea, ” Shea, that’s, hadn’t, Leonardo Trasande, “ I’m, Trasande, vacuuming, ” Birnbaum Organizations: CNN, Toxic, US Environmental Protection Agency, National Institute for Environmental Health Sciences, National Toxicology, Chemistry, ” Manufacturers, National Institute of Environmental Health Sciences, Flame, Alliance, Amsterdam Institute for Life, Vrije Universiteit, , NYU Langone Health Locations: United States, sofas, Vrije, Amsterdam, New York City
While the wholesale retailer's iconic hot dog and soda combo has sold for $1.50 since 1985, the total return on the company's stock has grown by an astronomical 59,152%, according to CNBC calculations. In contrast, the total return on the S&P 500 has increased in value by about 6,000% in that time. Costco's hot dog price hasn't budged in decades , but the same can't be said for its soaring stock. The company has confirmed a growing number of young people, including Gen Z, have been signing up for Costco memberships in recent years. Ahead of the company's release of its fourth quarter earnings after Thursday's market close, here's a look at the stock performance over the years, based on an initial investment of $1,000.
Persons: Gen Organizations: CNBC, Costco, Kirkland
The report didn't blow us away, but it still offered plenty of reminders on why Costco investors should stick around. Total revenue in its fiscal 2024 fourth quarter totaled $79.7 billion, missing analysts' expectations of $79.97 billion, according to estimates compiled by LSEG. Costco has succeeded for decades, but the high inflation of recent years has made the company's value-focused ethos really shine. Put it all together, we're increasing our price target on the stock to $950 a share from $875. In the quarter, Costco's membership renewal rate in the U.S. and Canada came in at 92.9%, a tick lower than the 93% rate observed in the third fiscal quarter, while worldwide held constant at 90.5%.
Persons: Gary Millerchip, Ron Vachris, Millerchip, it's, Kirkland, Costco's, Jim Cramer's, Jim Cramer, Jim, Justin Sullivan Organizations: Costco, LSEG, Wholesale, Walmart, Club, Amazon, Costco's, Kirkland, Kirkland Signature, Management, U.S, CNBC Locations: Costco's, Yemen, U.S, Canada, Maine, Richmond , California
CNN —Nearly 200 chemicals connected to breast cancer are used in the making of food packaging and plastic tableware, and dozens of those carcinogens can migrate into the human body, a new study found. Of the recently detected chemicals in food packaging, 40 are already classified as hazardous by regulatory agencies around the world, according to the study. Rates of early-onset breast cancer in women under 50 are increasing, and experts said the trend cannot be explained by genetics alone. A January 2024 update to that list found 921 possibly carcinogenic chemicals, including 642 that may stimulate estrogen or progesterone production, another known risk factor for breast cancer. FCChumon, created by the Food Packaging Forum, is a list of food contact chemicals that have been detected in human breast milk, blood, urine and tissues.
Persons: , Jane Muncke, ” Muncke, Jenny Kay, Len Lichtenfeld, ” Lichtenfeld, Sarah Gallo, ” Gallo, Kay, ” Kay, “ That’s, PFAS Organizations: CNN, Food Packaging, Silent Spring Institute, American Cancer Society, Consumer Brands Association, Food, FDA, Environmental, Toxicology, Contact Chemicals, , National Academies of Sciences, Engineering, Medicine Locations: Zurich, Switzerland
At just nine months old and 22.5 kilograms (50 pounds), he’s already bigger than his parents at the Sea Life Melbourne Aquarium in Australia. Photos of Pesto – who is 90 centimeters (about three feet) tall – towering over his parents have gone viral online. SEA LIFE Melbourne AquariumPesto’s biological father, Blake, is one of the aquarium’s oldest and largest penguins. But he’s being raised by Tango and Hudson, younger penguins whom Sea Life keepers wanted to try out as parents. Sea Life Melbourne AquariumBut adulthood is already on the horizon.
Persons: CNN —, he’s, Pesto, Michaela Smale, , , Blake, Organizations: CNN, Melbourne Aquarium, Penguins, Life, SEA, Aquarium Locations: Australia
But those failing to tempt their child to eat their broccoli can take solace, as research has found that picky eating is largely down to genes rather than environment. They found that non-identical twin pairs were much less similar when it came to picky eating than identical twin pairs. Picky eating “often causes a lot of stress for the children and their families,” Moritz Herle, a researcher at King’s College London and one of the study’s lead authors, said. The study found that environmental factors can, however, have an impact on a child’s food pickiness when they are a toddler. Abigail Pickard, a researcher in developmental child psychology at Aston University who wasn’t involved in the research, told CNN that picky eating is “quite common” in children.
Persons: London CNN —, ” Moritz Herle, , Zeynep Nas, Abigail Pickard, Aston University who wasn’t, ” Pickard Organizations: London CNN, University College London, King’s College London, University of Leeds, Aston University who, CNN, Child Psychology, Psychiatry Locations: United Kingdom
The rules impose tougher requirements on companies around their internal cyber resilience strategy and internal practices. CNBC runs through all you need to know about NIS 2 — from what the law requires to the potential penalties businesses could face for violations. Under NIS 2, firms will also have to vet their digital supply chains for cyber threats and vulnerabilities. Companies that fail to comply with the new law could face massive potential fines, along with other punitive actions. Still, even with cyber security a much more prominent focus in board rooms, this hasn't stopped cyberattacks from taking place.
Persons: Oscar Wong, Geert van der Linden, Van der Linden, It's, Chris Gow, Carl Leonard, Leonard, Cisco's Gow, CISO, cyberattacks, Gow Organizations: European Union, NIS, CNBC, Information, EU, Companies, noncompliance, Data, Union Locations: EU, Capgemini, Russian
"You need to know that a rate cut is never bad for stocks, as long as it's telegraphed," he said. "A large rate cut, as long as it's communicated to the media with plenty of time in a considered way, is also acceptable." Investors were anticipating interest rate cuts for some time, with most convinced the Federal Reserve would issue a September cut, but unsure whether it would be by 25 or 50 basis points. By Thursday's close, Wall Street seemed more confident about the cut. Cramer added that a double rate cut means even more cash will flow in from the sidelines.
Persons: CNBC's Jim Cramer, Thursday's, Cramer, you'll Organizations: Federal Reserve, Dow Jones Industrial, Nasdaq, Fed, Big Tech Locations: homebuilding, cyclicals
$ 5.34 $ 5.34 Estimated Environmental cost + $ 22.02 Say a pound of beef costs $5.34 at your local supermarket. The Hidden Environmental Costs of Food Damage to the natural world isn’t factored into the price of food. The proponents of true cost accounting don’t propose raising food prices across the board, but they say that increased awareness of the hidden environmental cost of food could change behavior. (True cost accounting also typically includes things like labor rights and dietary health, but here we’re focusing on environmental costs.) Large disparities between the retail price of food and its environmental costs are found in the proteins many of us eat every day.
Persons: True Price, , Claire van den Broek, “ They’re, Alexander Müller, True, , Scott Swinton, Roger Cryan, Mario Herrero, chickpeas Organizations: United Nations, Rockefeller Foundation, True, Sustainability, Michigan State University, American Farm Bureau Federation, New, Cornell University, Price, Beef, Oxford University, , U.S . Department of Agriculture, Mountain, United Nations Food, Agriculture Organization Locations: Dutch, United States, Berlin, New York State, Denmark, Walmart.com, U.S, North America, Europe, Brazil, India, Netherlands, Germany
New York CNN —Wednesday is National Cheeseburger Day, with some of the biggest chains offering some much-needed discounts amid consumer complaints about rising prices. It’s part of company’s string of deals to kickstart slumping sales, including recently extending its popular $5 value meal until December. Fast food has been a low-profit margin business with little customer loyalty. McDonald’s pricey burgers have become a flashpoint of criticism and a symbol of elevated fast food prices. So deals are particularly crucial to fast food companies at the moment to lure customers back.
Persons: they’re, Burger King, Jack, Jack ” cheeseburger, , Joe Erlinger Organizations: New, New York CNN, Wednesday, McDonald’s Locations: New York, White, McDonald’s USA
There's new evidence that chemicals can migrate to human bodies via material like plastic containers. It's not clear what the health risks may be, but at least a few of the chemicals are known hazards. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementNew research suggests you're being exposed to thousands of chemicals, including hazardous substances, that can leach into the human body through food- and beverage-related material like plastic bottles and takeout containers.
Persons: Organizations: Service, Business
New York/London CNN —Tupperware Brands Corporation, whose food containers have been a mainstay in American kitchens, has filed for bankruptcy. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” Laurie Ann Goldman, Tupperware president and CEO, said in a statement late Tuesday. Tupperware has historically only sold to consumers through so-called direct sales, most commonly at “Tupperware parties,” similar to cosmetic company Avon’s business model, and only began selling in Target in 2022. Many businesses file for bankruptcy protection to wind down some operations, shed debt and cut costs. A common route, also chosen by Tupperware, is Chapter 11 bankruptcy, which allows the company to solve its financial problems by restructuring.
Persons: ” Laurie Ann Goldman, ” Tupperware, Tupperware Organizations: London CNN — Tupperware Brands Corporation, , Tupperware, Target Locations: New York, London, South Carolina
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