Marico enters soup segment, plans healthy snacks too

INDIA - Marico started selling Saffola soups last week, entering a Rs 450 crore (US$70 million) segment that is dominated by Hindustan Unilever and Nestle. The move is part of its strategy to launch healthy, in-between snacks and at the same time, add premium products to its portfolio as it targets a 70% increase in…

Unilever acquires Tazo tea brand from Starbucks for US$384m

USA – Unilever has entered a definitive agreement with beverages major Starbucks to acquire the assets of the Tazo brand including its signature recipes, intellectual property and inventory for US$384 million. Following the transaction, Starbucks will drive a single tea brand strategy, focusing on its super premium tea brand, Teavana, with the aim of furthering its growth…

Unilever launches Pure Leaf tea brand, with US$2m marketing investment

UK - Unilever has launched a new brand of tea called Pure Leaf in the UK, including two loose-leaf variants and eight pyramid tea bags, to be supported with a US$2.32 million marketing investment across PR and digital marketing. According to FoodBev, the ethically sourced range all boasts a single origin, sourced from Rainforest Alliance…

Unilever Nigeria’s profits triple in 9 months

NIGERIA - Unilever Nigeria Plc has recorded an impressive performance for the nine months ended September 30, 2017, showing a jump of 206 per cent. The results showed revenue of N69.1 billion in 2017 (US$192 million), up 38 per cent from N49.8 billion (US$138 million) in the corresponding period of 2016. Sales and distribution expenses…

Unilever sets ambitious goal to electric vehicles by 2030

UK – Unilever has set itself an ambitious goal of achieving 100% electric vehicles coverage of its entire fleet by 2030, becoming the first FMCG company to do so. The company has joined the Climate Group’s EV 100 global initiative that aims to bring together forward-looking companies to accelerate the transition to electric vehicles by…

Unilever acquires Brazilian natural and organic business Mãe Terra

BRAZIL – Anglo-Dutch group Unilever has signed a deal to acquire the Brazilian natural and organic food business Mãe Terra for an undisclosed sum. Mãe Terra is a fast growing brand in Brazil, which provides health-conscious consumers with organic and nutritious food products since its establishment in 1979. Unilever’s purchase of Mãe Terra marks the…

Unilever’s local subsidiary sells olive oil business in Greece

GREECE - Elais-Unilever Hellas, the company’s Grrek subsidiary, has announced it intends to sell its Altis, Elanthi and Solon olive brands, and start manufacturing cleaning products in Greece, to counterbalance its departure. According to a senior company official, “it would be ideal if both the olive oil and the margarine brands ended up in the…

Unilever sells South African spreads business, ups stake in unit

SOUTH AFRICA - Unilever has agreed a $900 million deal with South African investor Remgro, buying Remgro’s 26 per cent stake in its South African subsidiary in exchange for its southern African spreads business and a cash payment. The deal is the first step in Unilever’s broader exit from its shrinking spreads business, a move…

Unilever reports increased growth of partnerships between start-ups and big firms

UK – Dutch-British food major Unilever has reported that collaborations between start-ups and large companies in the food and beverage industry will continue to grow, as they seek greater proximity for innovation to meet changing consumer needs. The report, The State of Innovation and produced by the Unilever Foundry, predicts the corporates and start-ups will…