The Belgian Frère family is now also part of Flora Food Group (FFG), Unilever’s former margarine division, now sold to American KKR. The GBL holding will invest 250 million euro and obtain a 3.7 % stake.
Unilever has seen its first quarter turnover drop more than 5 % because of negative exchange rate fluctuations. Excluding that impact, the food and care product manufacturer’s turnover would have grown 3.4 %.
Nestlé is the latest food company to announce its intent to reduce plastic waste by making its packaging recyclable or reusable by 2025. Greenpeace is skeptical and would rather see the food giant completely renounce single-use plastic packaging.
The long-standing rumour has now been confirmed: Unilever will have its main office in Rotterdam, rather than London. The food and detergent giant’s board has made the call after nearly a year of debate.
Consumers are ready, the technology is rapidly advancing and investors see the potential: meat replacement turnover will reach 4.2 billion euro worldwide by 2020. The major multinationals are now also on board.
Unilever may be looking for a successor to Paul Polman as CEO of the company, this does not mean that he will leave the British-Dutch company completely. Polman is still a candidate for the board of directors.
The Financial Times believes Rotterdam is in pole position to become the British-Dutch Unilever’s new main office, rather than London. The business paper claims the information comes from political insiders.
Unilever has threatened to pull its advertising budget from online media channels that lack transparency and create discord according to marketing director Keith Weed’s statements at the IAB advertisers’ congress.
Unilever has surpassed the 50 billion euro turnover mark, even without its margarine division. The British-Dutch food and personal care giant experienced growth, particularly with its brands Dove and Knorr.
Tonic brand Fever-Tree appointed a new director, Kevin Havelock. Considering he leads Unilever’s sodas division, there is speculation that Unilever may acquire Fevertree Drinks and that has boosted its share.