In the past quarter, German Henkel - manufacturer of brands like Schwarzkopf, Persil and Pritt - sold more, although the negative impact of the exchange rates meant turnover ended up lower than last year. Luckily for Henkel, profit did increase.
Unilever has acquired American start-up Dollar Shave Club, which has a subscription-based business model for shaving and toilet products. No fee was disclosed, but sources indicate it may be some 900 million euro.
The Spanish Bureau of Competition has ruled that Belgian diaper manufacturer Ontex has to pay a 5.15 million euro fine for several breaches of the Spanish and European competition laws. Ontex will appeal the decision.
Henkel's first quarter profit and turnover both grew. The German manufacturer - which owns Persil, Schwarzkopf shampoo and Pattex glue among other things - took full advantage of the growing demand in several emerging markets.
Turnover for German group Beiersdorf, parent company for Nivea among other brands, has dropped nearly 2 % in the first quarter. The company points to exchange rate fluctuations, which had a sizeable negative effect.