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☆ This Harvard dropout and her brother launched a company to conserve liquids in factories
▼ + stars: | 2023-07-22 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +12 min

"As with every family business, everyone is involved in the family business," Annie told CNBC. We grew up in the sector," Annie told CNBC. Zoom In Icon Arrows pointing outwards Annie and David Lu at a Harvard Innovation Labs event, when they were still ideating. As part of this partnership, Unilever tested the H2Ok Innovations solution at its Ben & Jerry's facility in Waterbury, Vermont. "They are exceptionally smart, visionary and courageous — the kind of founders investors dream to back," Iskold told CNBC.

Persons: David, Annie Lu, Annie Lu Annie Lu, Lu, Lu's, hasn't, Annie, David's, David Lu, David Lu They, Sandeep Desai, Desai, Jeff Bussgang, Alex Iskold, doting, Iskold, Dayna Grayson, We've, David giggled, it's Organizations: Harvard, CNBC, H2Ok, Construct, Flybridge, Ventures, Greentown Labs, Forbes, H20k, Harvard Innovation Labs, Unilever, AB InBev, Coca Cola Co, Colgate, Palmolive, Waterbury, Unit, Flybridge Capital, Construct Capital Locations: China, Saskatoon, Canada, Bay, Techstars, Boston, Minnesota, Minneapolis, Waterbury , Vermont, U.S, Brazil, United States, H2Ok

☆ Take a look inside the factory fueling candy giant Mars' $1 billion ice cream ambitions
▼ + stars: | 2023-06-25 | by ( Amelia Lucas | ) www.cnbc.com time to read: +4 min

Mars has also been expanding its portfolio, rolling out new flavors such as M&M's Cookies and Cream Ice Cream Cookie Sandwiches and Twix Cookie Dough Ice Cream. Mars' ice cream goals hinge on the old and the newMars entered the ice cream category in 1986 when it bought Dove, then known just for its ice cream bars before the candy company expanded it into chocolate. "We don't have the biggest ice cream brands, but we do believe we have the biggest brands in ice cream," Shaf Lalani, the U.S. head of Mars Ice Cream, told CNBC. "Mars Inc. ice cream brands face hefty competition, being ranks away from the leading spot in the U.S. ice cream market," said Carl Quash, Euromonitor's head of food and nutrition research. Twix Ice Cream is the fastest-growing product in the company's ice cream portfolio.

Persons: Mars, Anton Vincent, hasn't, General Mills, Bell, Carl, Lalani, — Organizations: Mars, Kind, Kind North America, National Football League, Cream, CNBC, U.S, Euromonitor, Haagen, Unilever, Mars Inc, Tru Locations: Burr Ridge , Illinois, Mars Wrigley North America, U.S, , Illinois, Kind North

☆ Unilever to scoop up frozen yogurt brand Yasso
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: 1 min

June 14 (Reuters) - Unilever (ULVR.L) said on Wednesday it is set to acquire frozen yogurt brand Yasso Holdings in North America, adding to its roster of premium ice-cream brands like Ben & Jerry's, Magnum, and Talenti. The consumer goods giant said its acquisition of Boulder, Colorado-based Yasso falls in line with its strategy to upscale the ice cream division and cater to rising demand for healthier snack options. Unilever did not disclose financial details related to the deal, which is set to close in the third quarter of 2023. Reporting by Rishabh Jaiswal in Bengaluru and Abigail Summerville in New York; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerry's, Rishabh, Abigail Summerville, Maju Samuel Organizations: Unilever, Holdings, Ben, Thomson Locations: North America, Boulder , Colorado, Bengaluru, New York

An internal Union Investment document seen by Reuters shows that the firm received just 30 responses to its outreach. Although consumer goods manufacturers are particularly exposed, other sectors that import goods associated with deforestation, including commodities houses and industrials companies, will also face scrutiny. Consumer goods makers are counting on technology such as satellites and artificial intelligence to help eradicate deforestation from their supply chains. Several large consumer goods companies say they are close to meeting their ambitious zero-deforestation goals. "The EU rules make deforestation a financial risk as well as an environmental risk."

Persons: Ueslei Marcelino, Henrik Pontzen, Pontzen, Janus Henderson, Jonathan Toub, haven't, Snorre Gjerde, Christophe Hansen, Magdi Batato, Kit Kat, Nestlé, David Croft, Reckitt's, Arild Skedsmo, Richa Naidu, Kate Abnett, Matt Scuffham, David Evans Organizations: REUTERS, Reuters, EU, Germany's, Investment, Unilever, ESG, Union Investment, Nestle, Pepsico, Danone, L'Oreal, KLP, Aviva, Fidelity International, Reckitt, UN Food and Agriculture Organization, Consumer, Thomson Locations: Uruara, Para State, Brazil, NBIM, Nescafe, London, Brussels

☆ Analysis: Investors see trouble ahead after Europe's stellar first quarter
▼ + stars: | 2023-05-19 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Europe's largest listed company LVMH (LVMH.PA) produced stellar sales as China rebounded sharply after COVID restrictions ended. The robust corporate margins on show in the first quarter are seen coming under pressure later in the year. Based on Refinitiv I/B/E/S estimates, STOXX 600 companies are expected to report net profit margins of 11.4% in the first quarter, up from 10.2% in the last quarter of 2022. But margins are seen declining to 10.5% in the third quarter, according to Refinitiv estimates. But there has not been a wave of companies revising earnings forecasts down, providing a cushion for European equities.

☆ Investors see trouble ahead after Europe's stellar first quarter
▼ + stars: | 2023-05-19 | by ( Joice Alves | ) www.reuters.com time to read: +5 min

Her mother Sarah — a former deli shop owner — was bored with retirement and had decided to open an ice cream shop in Bethesda, Maryland. "To be honest, at first I was like, 'ice cream shop?'" Running the ice cream shopDespite Sarah's Handmade Ice Cream successful grand opening, it took over six months for the business to become "a well-oiled machine," Park says. Instead, Park and her mother donate ice cream to local nonprofits and community organizations, which has attracted loyal customers in the Bethesda area. Within a few months of opening the first store, Park realized the business didn't have to be limited to just "a mom-and-daughter shop."

"It's principally around the costs of labour, logistics and energy and what our suppliers see in their own production bases," finance chief Graeme Pitkethly said. On Thursday, Unilever said it had raised prices by 10.7% in the first quarter. "People are looking towards the second half of this year for some relief in costs - we'll see if that actually plays out," Richard Saldanha, a fund manager at Unilever and Nestle investor Aviva, said. "Clearly these companies are still displaying a pretty decent ability to push pricing ... Unilever is able to manage what is still a very elevated cost environment." Reporting by Richa Naidu Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.

The British company, which sells Cornettos cones and Talenti tubs, on Thursday reported a 0.2% dip in overall quarterly sales volumes, but a more than 4% decline in ice cream volumes. Its ice cream prices rose 10.5% in the quarter, driving turnover of 1.7 billion euros ($1.9 billion). About 60% of Unilever's ice cream business is "in-home" - bought from stores - while the rest is eaten in parlours and other venues. "Ice cream is the most discretionary category that we have across all of our categories," finance chief Graeme Pitkethly said. When consumers are under pressure, because ice cream is more discretionary, ice cream gets dropped from the basket."

The 10.7% increase in prices was, however, lower than in recent quarters, adding to signs inflationary pressures might be easing as input costs declined. Packaged goods companies have been hiking prices as they grapple with a surge in costs of everything from sunflower oil and shipping to packaging and grain. Unilever reported a 10.5% rise in underlying first-quarter sales to 14.8 billion euros ($16.4 billion), beating analysts' average forecast for a 7.2% increase, according to a company-provided consensus. That included a 10.7% increase in prices and a 0.2% dip in volumes. Rivals P&G (PG.N) and Nestle (NESN.S) have also recently reported stronger than expected quarterly sales, with price hikes offsetting lower volumes.

☆ Ben and Jerry's is latest progressive company to be brought into the union debate as scoopers at its flagship store in Vermont move to unionize
▼ + stars: | 2023-04-18 | by ( Alex Bitter | ) www.businessinsider.com time to read: +3 min

Employees at a Ben & Jerry's shop in Vermont are seeking to form a union. A Ben & Jerry's spokeswoman told Insider that "we recognize and support the rights of all workers to unionize and collectively bargain." Ben & Jerry's workers told the Washington Post that they decided to pursue a union after management took away the store's tip jar for the company's annual Free Cone Day. All 37 scoopers at the Burlington store have pledged support for the union, according to Scoopers United. The union effort is the latest test for Ben & Jerry's, which has cast itself as a socially conscious brand for decades.

☆ Ben & Jerry's workers in flagship Vermont store file for union election
▼ + stars: | 2023-04-17 | by ( Natasha Piñon | ) www.cnbc.com time to read: +1 min

Ben and Jerry's workers at the ice cream company's flagship store in Burlington, Vermont, are filing for a union election Monday. Workers at the Burlington store have petitioned the National Labor Relations Board for an election. That union, Workers United, has won union elections at hundreds of Starbucks locations across the country at a rapid pace. If the Burlington workers approve a unionization vote, their store would be the first Ben & Jerry's location in the U.S. to do so. Ben & Jerry's has even sued its parent company, Unilever , when its actions came into conflict with Ben & Jerry's stated social mission.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. Food makers tend to cull products without much fanfare. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

[1/3] Ben & Jerry's, a brand of Unilever, is seen on display in a store in Manhattan, New York City, U.S., March 24, 2022. Eliminating less popular products is part of a "decomplexity program" underway at Kraft Heinz, its executives said at the Consumer Analyst Group of New York Conference this week. Nestle said cutting products saved 1 billion Swiss francs last year ($1.06 billion), while Unilever said the practice saved $2 billion. At the consumer products conference they highlighted new offerings, many of them increasingly popular handheld foods that people can eat while scrolling on phones. "You'd be shocked by the loyalty and personal connections people have to food products," he said.

☆ Unilever says prices hikes will continue into this year, easing in H2
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: +3 min

Bottles of Dove body wash, produced by Unilever Plc, at an Iceland Foods Ltd. supermarket in Christchurch, UK, on Wednesday, June 15, 2022. Unilever Plc said on Thursday it would continue to raise prices for its detergents, soaps and packaged food to offset rising input costs, and ease up those hikes in the second half of 2023. The packaged goods industry has hiked up prices over the past year to cope with surging costs of everything from cocoa and sunflower oil to wheat. The industry had already been battling Covid-era supply chain issues and raw material expenses when Russia invaded Ukraine, further boosting prices of energy and other commodities. Underlying sales at Unilever rose 9.2% in the fourth quarter, beating a company-provided analyst estimate of an 8.2% increase.

☆ Unilever's new CEO will inherit a company in flux
▼ + stars: | 2023-02-05 | by ( Alex Bitter | Ellen Thomas | ) www.businessinsider.com time to read: +9 min

Two of the five divisions remain focused on food products, an area that CEO Jope said Unilever considered spinning off. Food brands like Ben & Jerry's and Hellmann's would have become a separate company. Unilever's decision last year to spin off its tea business into a new company, Ekaterra, left many workers inside Unilever's food division nervous, the former employee said. One former Unilever executive pointed to Fernando Fernandez, who will assume the top job at the company's new beauty and wellbeing division. Fernandez has been Unilever's executive vice president for Latin America since 2019 and held other jobs with the company in the region before that.

☆ Travel companies are ‘greenwashing’ — here are 3 ways to find ones that aren't
▼ + stars: | 2023-01-29 | by ( Monica Pitrelli | ) www.cnbc.com time to read: +6 min

But finding companies that are serious about sustainability isn't easy, said James Thornton, CEO of tour company Intrepid Travel. "You see hotels saying they're sustainable, and then you're using these little travel bottles for shampoos and shower gels," he said. "The honest truth is that every travel company is ultimately contributing towards the climate crisis," he said. "So the best thing any travel company can start to do is measure the greenhouse gas emissions it creates." Other companies with B Corp status include Seventh Generation, Ben & Jerry's, Aesop — and Patagonia, which Thornton called "arguably the most famous B Corp in the world."

☆ 18 movies with valuable entrepreneurial lessons: From 'Startup.com' to 'Becoming Warren Buffett'
▼ + stars: | 2023-01-17 | by ( Vikas Jha | ) www.businessinsider.com time to read: +21 min

Takeaway: This movie shows the effect money, greed and power can have on relationships. "The Social Network" (2010)"The Social Network" shows us that business success requires more than just a great idea. "Becoming Warren Buffett" (2017)In this documentary, Warren Buffett reveals his day-to-day, and his two most important investing rules. Takeaway: This movie shows how two young men were pitted against each other, striving to grow in a cut-throat business. I've found myself feeling motivated after watching a great film with lessons I can transpose to my entrepreneurial journey.

☆ How Gerry Cardinale became the go-to dealmaker for the likes of the Yankees, AC Milan, and Ben Affleck
▼ + stars: | 2022-12-29 | by ( Hayley Cuccinello | Dakin Campbell | ) www.businessinsider.com time to read: +20 min

He bought the soccer club AC Milan in August, earning the attention of the Italian press. This past spring, AC Milan won its first national title in 11 years. Claudio Villa/AC Milan via Getty Images Show less Cardinale at a training session for AC Milan. For instance, the teams sell each other's merchandise in their stadiums, and the YES Network airs AC Milan games. "Now we have a new phase of expansion and internationalization of AC Milan with Gerry."

LONDON, Dec 15 (Reuters) - Unilever said on Thursday that its litigation with the independent board of Ben & Jerry's over the sale of its Israeli ice cream business has "been resolved". The next month, Ben & Jerry's filed a lawsuit against a Unilever subsidiary to try to block the sale. In an updated lawsuit filed in September, Ben & Jerry's said it was seeking damages and wanted the trademarks returned. Ben & Jerry's declined to comment and Ben & Jerry's independent board did not immediately respond to a request for comment. "I am pleased that the litigation between Unilever and the independent Board of Ben & Jerrys has been resolved," Avi Zinger said in a statement on Thursday.

☆ Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
▼ + stars: | 2022-12-08 | by ( Peter Schacknow | ) www.cnbc.com time to read: +2 min

Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. Rent The Runway (RENT) – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. Kinder Morgan shares gained 2.1% in premarket trading. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated.

☆ Unilever mulls $3 bln sale of some U.S. ice cream brands - Bloomberg News
▼ + stars: | 2022-12-08 | by ( ) www.reuters.com time to read: +1 min

Dec 8 (Reuters) - British consumer goods giant Unilever (ULVR.L) is considering the sale of a portfolio of U.S. ice cream brands such as Klondike and Breyers, that could be valued at as much as $3 billion, Bloomberg News reported on Thursday. International labels Magnum and Ben & Jerry's are not part of the review, the Bloomberg News report said, citing people familiar with the matter. Deliberations are ongoing and the company may still decide not to sell the brands, the report added. In June, Unilever sold its Ben & Jerry's ice cream business in Israel to its local licensee for an undisclosed sum, aiming to smooth over a diplomatic dispute. Ben & Jerry's and Unilever have been in a bitter legal dispute over the sale ever since.

☆ 10 traits of a Hollywood high achiever, according to a success coach who's worked on shows like 'Glee' and 'This Is Us'
▼ + stars: | 2022-12-07 | by ( Erica Wernick | ) www.businessinsider.com time to read: +13 min

Successful people don't believe in scarcity, they believe in abundance. You don't want to bother them and you're scared they won't want to help, so you decide not to contact them. The successful person may still have those fears, but they contact the person anyway because it could help their dream. See where I'm going with this? Let's play this out: Let's say you're hanging out with Nancy and Nancy says to you, "That dream you're trying to go after is really hard.

☆ Candy maker Ferrero to buy Halo Top owner, expanding North American business
▼ + stars: | 2022-12-07 | by ( Amelia Lucas | ) www.cnbc.com time to read: +1 min

Candy maker Ferrero is buying Wells Enterprises, the ice cream giant that owns Blue Bunny, Blue Ribbon Classics and Halo Top. Comfort food staples like ice cream and candy saw their sales soar during the pandemic as consumers looked for ways to treat themselves. For its part, Ferrero reported global consolidated revenue of 12.7 billion euros ($13.3 billion) in its fiscal year ended Aug. 31, 2021. Wells Enterprises was founded in 1913 and has grown to be the second-largest ice cream company in the U.S., trailing only Ben & Jerry's owner Unilever . Wells makes more than 200 million gallons of ice cream annually and has more than 4,000 employees.

☆ Ava DuVernay becomes the first Black woman featured on Ben & Jerry's pint
▼ + stars: | 2022-12-06 | by ( ) www.nbcnews.com time to read: +1 min

Ava DuVernay has become the first Black woman to have her image on a Ben & Jerry’s pint. directed by Ava DuVernay,” which will feature a mix of vanilla ice cream with salted caramel swirls, graham cracker swirls and gobs of chocolate chip cookie dough. DuVernay personally curated the flavor creation, which will be available in both milk-based and non-dairy versions. “Partnering with Ben & Jerry’s, a company that I’ve long admired for their commitment to social justice, has been a thrill ride. “Framing this up as a new flavor for the first Black woman to be a featured partner on our pints doesn’t do Ava justice,” Matthew McCarthy, Ben & Jerry’s CEO, said in a statement.

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