Unilever Q3 sales marginally rise amid inflation driven price hikes

UK – British multinational consumer goods giant Unilever has recorded underlying sales growth of 2.5% in its third-quarter results amid rising material costs and continued impact of covid-19 on sales in various markets.  The owner of Ben & Jerry’s and Magnum ice cream reported turnover of €13.5 billion (US$15.71 billion) in Q3, an increase of 4% on the previous year.   In Unilever’s third quarter, the company’s foods and refreshment unit expanded its underlying sales by 3% and recorded a turnover of €5.1 billion, ahead of beauty and personal care (up 2.6%)…

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Unilever starts sale of tea business unit after restructuring, seeks to divest from Kenya’s Limuru Tea

KENYA – Multinational consumer goods company, Unilever is seeking to divest from its Kenyan tea subsidiary, Limuru Tea, to a new owner Holdco UK Limited (TeaCo). The board of the company has approved the transfer subject to regulatory approvals, reports The Star. The move follows a decision by its parent firm Unilever Group to separate its global tea business including tea plantations to become a separate entity and divest in most markets. The maker of the popular Lipton, Brooke Bond and PG Tips brands, had initially indicated that it will…

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Unilever trials Zero-emission refrigeration on trucks in drive towards carbon-free future

NETHERLANDS –  Unilever has partnered with equipment service provider TIP Trailer Services, green tech experts Maxwell and Spark, and transport company Daily Logistics Group (DLG) to run a pilot in the Netherlands to test battery-powered refrigeration in trucks.  According to a statement for the company, if successful, the trial would provide a new solution for lowering the environmental impact of its range of refrigerated products, including ice cream brands such as Magnum, Wall’s, and Cornetto.  Currently, refrigerated trucks rely on diesel engines to power the cooling systems in refrigerated trucks,…

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Unilever’s TaiCang facility named world’s most advanced ice cream factory

CHINA – Unilever’s food manufacturing facility in the Chinese county of Taicang has been added to the list of the world’s most advanced factories by the World Economic Forum.  Since 2018, the World Economic Forum has been recognising companies that incorporate Fourth Industrial Revolution (4IR) technologies into their manufacturing and supply chain operations.  These sites adopt and deploy 4IR technology – such as artificial intelligence and Internet of Things – to maximise efficiency and competitiveness, and drive sustainable and responsible business growth, while upskilling the workforce and protecting the environment.   They also provide a…

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Ben & Jerry’s Israel boycott row intensifies as Ecuadorian supermarket chain pulls ice creams from shelves

ECUADOR – Ben & Jerry’s Israel boycott row is getting thicker by the day, threatening the existence of the brand in countries with strong ties with Israel.   In Ecuador for instance, El Rosado Group, which owns one of the largest supermarket chains in the country with more than 180 stores, has taken the decision to withdraw from all its businesses all ice cream manufactured by Unilever.  According to the company, the decision was prompted by Ben & Jerry’s statement that said the company believes it is inconsistent with its values “for Ben…

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High inflation eats into Unilever’s Q2 profits forcing CPG giant to lower full-year profit guidance

UK – Consumer goods giant Unilever is the latest causality of rising costs of raw materials, packaging and transport which have eaten into the company’s Quarter 2 profits and forced it to lower its full year guidance. Despite Unilever reporting an underlying sales growth of 5.4%, high inflation resulted in the company’s underlying operating margin in the six months to June dropping 100 basis points from a year earlier to 18.8 percent.  The company further noted that additional investment in its brands had also weighed on margins pushing net profits…

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Unilever’s Ben & Jerry’s pulls out of Israeli-occupied territories attracting the ire of authorities

ISRAEL –  Ben & Jerry’s, a fully owned subsidiary of Unilever, has decided to stop selling ice cream in the Occupied Palestinian Territory (OPT).  Ben & Jerry’s is popular in Israel, its ice cream coming in special flavours to mark Jewish festivals or national events.   It is also sold in Israeli settlements – something that has seen activists in the US put pressure on the company, known for its progressive views.  Bowing to pressure, Ben & Jerry’s said in a statement that it had reached the decision to withdraw from OPT as its continued stay…

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South African food manufacturers Tiger Brands, Unilever suspend advertising amid unrest

SOUTH AFRICA – Tiger Brands, South Africa’s biggest food manufacturer, has halt its advertising campaigns amid widespread unrest in KwaZulu-Natal and Gauteng. “Out of respect for our consumers, Tiger Brands has made the decision to temporarily suspend consumer marketing activities at a time when many of South Africans are facing difficulties in accessing products due to the closure of retail outlets. “We are engaging with government and support efforts by law enforcement agencies to restore calm, reopen key distribution routes and create a safe environment for the resumption of normal…

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Unilever: Beating all odds to become a world leader in sustainable manufacturing

Unilever prides itself to be a company that has championed sustainable living for the 120 years that it has been in existence. “Our purpose is to make sustainable living commonplace. It’s why we come to work. It’s why we’re in business. It’s how we inspire exceptional performance,” the company says.

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Mondelēz partners with major food companies to support flexible plastic recycling in UK

UK –Mondelēz International together with other major food manufacturing companies such as Mars UK, Nestlé, PepsiCo and Unilever have come together to support flexible plastic recycling in the United Kingdom (UK). According to a statement from Mondelēz, the companies have set up a £1 million fund to help make flexible plastic recycling economically viable for recyclers and easier for consumers in the UK. To make flexible packaging a reality, the fund will collaborate with manufacturers, retailers and recyclers to give the material a stable value. This will, in turn, increase…

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