Unilever to acquire Horlicks and GSK’s nutrition business for US$3.8b

INDIA – The global consumer goods leader, Unilever has agreed to acquire malted drinks brand, Horlicks and other GlaxoSmithKline’s Indian consumer healthcare products in a transaction worth US$3.8 billion (3.3 billion Euros). The transaction will also see Hindustan Unilever (HUL), Unilever’s operating arm and India’s largest consumer goods company merge its operations with GlaxoSmithKline Consumer…

Unilever may top Nestle in US$3.4b cash bid for GSK nutrition business

INDIA – The British consumer goods giant, Unilever may walk away with the Glaxo SmithKline’s nutrition business with a US$3.4 billion all-cash offer for a 72.5% stake, according to a person with direct knowledge of the matter identified with Financial Times (FT). GSK has also confirmed that consideration is being given to a potential transaction…

Unilever CEO to retire, Alan Jope named successor effective January 1

NETHERLANDS – Consumer products multinational Unilever Plc has announced that Chief Executive Officer, Paul Polman is set to retire from the company and will be replaced by Alan Jope, who is president of the company's beauty and personal care division effective 1 January 2019. Polman will stay on in a supporting role, will officially retire…

Unilever, Danone, Coca-Cola call for net zero emissions in the UK by 2050

UK – Major global businesses among them Coca-Cola European Partners, Danone and Unilever have called on the UK’s Prime Minister (PM) Theresa May to aim for net zero emissions in the UK by 2050. In a written letter to the prime minister, the companies cites the economic benefits of an early transition and the risks…

Nestle ahead of Unilever in final race to acquire GSK’s nutrition business in India

INDIA – Nestle SA, the Swiss transnational and the world’s largest food company is contending Unilever in the final round of negotiations to acquire GlaxoSmithKline’s consumer nutrition business in India. According to three people aware of the development, cited by ET Retail, Nestle is believed to be the frontrunner with a more aggressive offer after…

Unilever endorsed as Certified Africa Top Employer for the fourth time

AFRICA - British-Dutch transnational consumer goods company, Unilever has been recognized as the number one Top Employer in Africa at the just concluded Top Employer Institute award ceremony held in Johannesburg, South Africa. According to ThisDay, this is the fourth time the company has been named number one Top Employer in Africa, highlighting its commitment…

Unilever Ghana names Gladys Amoah as new Managing Director

GHANA – Unilever Ghana, the country’s largest producer and retailer of consumer goods has appointed Mrs Gladys Amoah as the new Managing Director effective November 1, 2018. Prior to her appointment, the new MD was the Customer Development Director of Unilever Ghana, a position served since 1 November 2016, according to GNA. She succeeds Mr…

Food and beverage majors sign global pact to eradicate plastic waste and pollution

WORLD – Major food and beverage companies, packaging manufacturers, governments and non-governmental organisations (NGOs) are among 250 organisations that have signed a marker pact to eradicate plastic waste and pollution. The New Plastics Economy Global Commitment led by UN Environment and the Ellen MacArthur Foundation, aims to eliminate plastic waste at the source in an…

Nestle joins six companies in Global Nutrition Animal Welfare coalition

WORLD - Nestlé and six other food companies (Aramark, Compass Group, Elior Group, IKEA Food Services, Nestlé, Sodexo and Unilever), have joined forces through the Global Coalition for Animal Welfare (GCAW) to advance animal welfare standards throughout the global food supply chain. According to FoodingredientsFirst, GCAW is claimed to be the world’s first global food…

Unilever launches new probiotic-enriched ice cream brand

EUROPE – Unilever, a British-Dutch transnational consumer goods company, has launched a new probiotic ice cream brand called Culture Republick, which the company claims is the first premium ice cream containing probiotics. According to the company, the Culture Republick’s product range initially includes seven flavours, such as: Milk & Honey, Turmeric Chai & Cinnamon, Cold…