Unilever announces intention to buy back shares to return after-tax proceeds

LONDON - Unilever PLC and Unilever N.V., have announced their intention to buy back shares with an aggregate market value equivalent of up to €6 billion to return the expected after-tax proceeds upon completion of the Spreads disposal to shareholders, unless more value-creating acquisition alternatives arise. The Group announced the completion of the Spreads disposal…

Unilever reports a 3.7% sales growth in first quarter results of 2018

LONDON - Unilever announced its results for the first quarter of 2018, with underlying sales growth of 3.7% which show good volume-driven performance across all its three divisions. According to the company, the Underlying Sales Growth (USG) excluding spreads was 3.7% with an encouraging shift to volume-led growth compared to the prior year. Across all…

Unilever announces Netherlands as its sole headquarters

NETHERLANDS – Unilever, a transnational consumer goods company, has announced that it would make Rotterdam, the Netherlands its sole headquarters, dealing a symbolic blow to Britain as it negotiates its exit from the European Union. For nearly 90 years, the consumer products giant has straddled the North Sea, maintaining headquarters in London and in the…

Unilever lays its entire palm oil supply chain for transparency

LONDON - Consumer goods giant Unilever has laid bare its entire palm oil supply chain, including all the suppliers and mills it sources from, to boost transparency in a rare industry move. Unilever said it was the first consumers goods company to publish such details, having disclosed the location of more than 1,400 mills and…

Unilever considering moving its European headquarters to Netherlands – reports

UK - British-Dutch consumer goods giant Unilever still has not officially decided on whether to keep its European headquarters in the UK or the Netherlands as part of plans to unify the business under one roof. However, speculation is mounting with many reports claiming Unilever will ditch the UK in the wake of Brexit and favor…