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.
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Unilever and private equity firm KKR have reached a deal surrounding the former’s margarine division. KKR will apparently pay 6.8 billion euro; the transaction should be finalized mid-2018.
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Unilever previously said it no longer wants to operate two main offices, spread across the Netherlands and the United Kingdom, but the decision about which one will prevail has been postponed.
Unilever has started its search for CEO Paul Polman’s successor. It enlisted headhunter Egon Zehnder, which will now search for possible candidates.
A number of major manufacturers, including Mars, Unilever and Reckitt Benckiser has joined a new British digital platform that will enable them to sell directly to the consumer.
Hanneke Faber, head of eCommerce and innovation at Ahold Delhaize, will leave the company at the end of the year. Her new employer is Unilever, where she will lead the European division.
The past summer was not one with a lot of hot days and that has had its effect on Unilever’s ice cream sales. The division’s sales therefore slumped 6.7 %.
Italian Ferrero has struck a deal with Unilever to create Kinder ice cream. Unilever already has plenty of experience in that area, with Magnum as one of its most iconic brands.
The Dollar Shave Club will arrive on European shores next year. The razor blade subscription service, owned by Unilever, has long since been a success in the United States.
Unilever’s margarine division
British-Dutch Unilever bought British tea company Pukka Herbs, expanding its own tea portfolio even further. It already owns brands like Lipton and PG Tips.
Increasing rumours say that cosmetics company Estée Lauder may be up for sale and that there are a number of interested parties, including L’Oréal and Unilever.
Food companies Unilever and Nestlé will integrate blockchain technology into their supply chain, in collaboration with American IT company IBM. This should improve insights into said chain.
Blackstone and CVC Cap
Over the first six months of 2017, Unilever’s profit and turnover grew substantially, mainly thanks to price increases and a positive evolution in the care and ice cream divisions.
Unilever is allegedly interested in Reckitt Benckiser’s food division, but would have to fend off American Hormel Foods. Price: about 2.5 billion euro.