Thu, Oct. 13, 2:10 PM
- Unilever (UN, UL) and Tesco (OTCPK:TSCDF) confirm in separate statements that a dispute between the two companies has been settled.
- Earlier in the day, Tesco pulled Unilever products from its website due to a pricing increase.
- Previously: Unilever and Tesco in scrap over higher prices in U.K. (Oct. 13)
Thu, Oct. 13, 7:24 AM
- Unilever (UN, UL) says it was forced to push through prices increases in the U.K. due to the devaluation of the pound after the Brexit vote.
- "The price increases have landed with most of our customers," notes CFO Graeme Pitkethly.
- Unilever is in a bit of a scrap with Tesco (OTCPK:TSCDF, OTCPK:TSCDY) over the higher pricing, halting supplies to the grocery chain until the raised prices are posted.
- Unilever ADRs are down 2.30% premarket.
Thu, Oct. 13, 6:32 AM
Thu, Oct. 13, 6:19 AM
Thu, Oct. 13, 3:28 AM
- Tesco (OTCPK:TSCDY) is pulling dozens of Unilever (NYSE:UL) branded products off of its website following a dispute over costs.
- Unilever has reportedly been attempting to raise the price of a range of goods it charges Britain's big four grocers by around 10%, saying it needs to offset higher prices of imported commodities.
- Are the economic ramifications of Brexit moving from Parliament to the kitchen table?
Thu, Oct. 13, 3:13 AM
- Unilever (NYSE:UL) reported third-quarter sales growth that beat estimates thanks to increased demand for its Magnum and Ben & Jerry's ice creams in the U.S. and Europe during the summer months.
- The company also said it was on track for another year of volume growth ahead of markets, steady improvement in core operating margin and strong cash flow.
Mon, Sep. 19, 6:58 PM
- Unilever (NYSE:UL) gained 1% in today's trade after it agreed to acquire sustainable cleaning products maker Seventh Generation for an undisclosed sum; WSJ reports that the sale amount was ~$700M.
- UL says Seventh Generation sales exceeded $200M in 2015 with double-digit compounded annual growth in the last 10 years.
- The deal is part of a push by UL to claim more of the natural section of supermarket aisles as gain more business from millennials who seek brands that are considered environmentally friendly.
Mon, Sep. 19, 1:35 PM
- Unilever (UN, UL) announces it acquired Seventh Generation for an undisclosed amount.
- Seventh Generation is a seller of natural and eco-friendly products, including green baby items (diapers, wipres, skin care, laundry).
- "Adding Seventh Generation to Unilever’s portfolio of purpose-driven brands like Ben & Jerry’s and Dove demonstrates our continued commitment to the Unilever Sustainable Living Plan," says the company.
- Unilever press release
Thu, Sep. 15, 7:25 PM
- Unilever (UL +1.2%) is reportedly in talks to acquire Jessica Alba's Honest Co. -- though it's looking to use a coupon.
- The consumer-products giant wants to pay less than the $1.7B that Honest Co. had in a fund-raising round last year, according to The Wall Street Journal, though the deal should still cross the $1B mark.
- Honest could still pursue an initial public offering, and talks with Unilever are at an early stage, a source tells WSJ.
- The firm, in which actress Alba is a co-founder and chief creative officer, had revenue of $170M in 2014, and has raised more than $200M from outsiders since its 2011 founding.
- After hours: UL -0.8%.
Thu, Sep. 15, 5:01 AM
- The American Beverage Association is suing to block Philadelphia's soft drinks tax, marking the latest clash between the soda industry and public officials seeking to boost revenue and combat health risks.
- In June, Philly became the largest U.S. city to approve a volume-based tax of 1.5%-per-ounce on sugar sweetened beverages.
- Voters in San Francisco and at least three other places will vote in November on whether to impose similar levies.
- Related stocks: KO, PEP, DPS, MNST, FIZZ, SBUX, UL, PG
Thu, Aug. 11, 7:26 AM| Thu, Aug. 11, 7:26 AM | 6 Comments
Wed, Aug. 10, 1:26 PM
- Target (TGT +0.6%) began to offer Harry's shaving products online today in a new partnership that marks the first entry by the subscription-focused Harry's into the broad retail market.
- Target will sell Harry's items at its stores beginning on August 21.
- Harry's recently acquired a German factory to help it boost production.
- The Target-Harry's shaving initiative follows the sale of upstart Dollar Shaving Club to Unilever (UL -0.3%) for a cool $1B. It also arrives amid a rocky relationship between Target and Gillette owner Procter & Gamble (PG +0.2%).
Fri, Aug. 5, 5:42 PM
Thu, Jul. 21, 6:42 AM
Thu, Jul. 21, 4:18 AM
- Helped by cost-control measures, Unilever (NYSE:UL) posted a profit rise and said it's ready for challenges ahead.
- Swatch (OTCPK:SWGAY) expects a recovery in the second half after net profit plunged 52% in H1.
- Roche (OTCQX:RHHBY) confirmed its outlook for 2016 and reported results that exceeded expectations.
- Driven by price and mix realization, SABMiller's (OTCPK:SBMRY) group net producer revenue grew 2% in Q1.
- Lufthansa (OTCQX:DLAKY) cut its full-year profit target, saying "terrorist attacks in Europe" weighed on its bookings.
- The fears also hit Easyjet (OTCQX:ESYJY), with shares under pressure after weak Q3 revenues.
Wed, Jul. 20, 8:48 AM
- Unilever (UL, UN) confirms it acquired Dollar Shave Club. The company didn't disclose the transaction price, but earlier reports pegged it at $1B which would make the deal the third largest buyout in the e-commerce space ever after Zulilly and Wayfair. The transaction is also an exclamation point on the disruption that Dollar Shave Club achieved in a consumer products category once considered nearly impenetrable.
- The innovative shaving club sends razors directly to members for as little as $1 per month. Dollar Shave Club is on track to top $200M in turnover this year and has 3.2M members.
- Earlier this week, news broke that Procter & Gamble (NYSE:PG) is increasing its testing of online subscriptions. It's a trend to watch for Colgate-Palmolive (NYSE:CL), Kimberly-Clark (NYSE:KMB), and Edgewell Personal Care (NYSE:EPC).
- Previously: Fortune: Unilever buys Dollar Shave Club for $1B (July 20)