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Unilever NV latest news:
British government braces for Unilever move to Netherlands: FT
The British government is bracing for Unilever , one of the country's biggest companies, to shift its headquarters to the Netherlands after months of political pressure from both sides, the Financial Times reported on Wednesday.
Avon names Unilever's Zijderveld as CEO after long search
U.S. cosmetics maker Avon Products Inc (AVP) on Monday named Unilever NV executive Jan Zijderveld as its chief executive, days after shareholders piled pressure on the company to find a new CEO quickly. Zijderveld's appointment caps a nearly six-month search for a new boss at New York-based Avon after Sheri McCoy said in August she was stepping down.
UPDATE 2-Avon names Unilever's Zijderveld as CEO after long search
Feb 5 (Reuters) - U.S. cosmetics maker Avon Products Inc
on Monday named Unilever NV executive Jan
Zijderveld as its chief executive, days after shareholders piled
pressure on the company to find a new CEO quickly.
Avon appoints Jan Zijderveld CEO to succeed Sheri McCoy
Avon Products Inc. said Monday that it has named Jan Zijderveld chief executive officer, succeeding Sheri McCoy, effective immediately. The beauty company announced last summer that McCoy would resign in March. Zijderveld joins from Unilever N.V., where he was last president of the European business. He was with the company for 30 years. There was a Wall Street Journal report last week that activist investors would push to find a buyer for the company. Avon shares are unchanged in premarket trading, and down nearly 59% for the last year. The S&P 500 index is up 20.2% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
UPDATE 2-Unilever ends tough 2017 on strong note
* Announcement on dual structure coming "shortly"
(Adds CFO comments, volume)
UK Stocks-Factors to watch on Jan 5
Jan 5 (Reuters) - Britain's FTSE 100 index is seen opening 1 point
higher at 7,696.8 on Friday, according to financial bookmakers.
* UNILEVER: Unilever plans to close its Colman's mustard
factory in the English city of Norwich next year, after more than 160 years,
affecting 113 jobs.
* BRITAIN/AUTOS: British new car sales recorded their biggest drop since
2009 last year, falling by more than 5 percent due to uncertainty over potential
Why Unilever Isn't Spreading Its Bets
The Anglo-Dutch conglomerate will sell its spreads business to private equity firm KKR. It's a favorable deal for shareholders.
Unilever's Buyout of Schmidt's Naturals to Bolster Portfolio
Progressing with expansion of natural products portfolio Unilever Plc UL inked a deal to buy Schmidt s Naturals Headquartered in Oregon Schmidt s specializes in personal care products such as deodorants toothpaste and bar soaps Management expects Schmidt s brands to compliment Unilever
Unilever to sell spreads business to KKR for $8 billion
(Reuters) - Unilever has agreed to sell its margarine and spreads business to U.S. private equity firm KKR for 6.83 billion euros ($8.04 billion) to concentrate on faster growing products.
UPDATE 2-Unilever to sell spreads business to KKR for $8 billion
* Co to return cash to shareholders barring other M&A
(Updates with Unilever confirmation)
Unilever sells margarine business to KKR for £6bn
The Anglo-Dutch firm is selling brands including Flora and ProActiv to the private equity giant.
Unilever to sell margarine and spreads unit to KKR for $8 billion
LONDON (Reuters) - Unilever has agreed to sell its margarine and spreads business to KKR for 6.8 billion euros ($8 billion), it said on Friday, confirming an earlier report by Reuters saying the U.S. private equity fund had made it into exclusive talks to buy the shrinking business.
Unilever to sell margarine and spreads unit to KKR for $8 bln
LONDON, Dec 15 (Reuters) - Unilever has
agreed to sell its margarine and spreads business to KKR
for 6.8 billion euros ($8 billion), it said on Friday,
confirming an earlier report by Reuters saying the U.S. private
equity fund had made it into exclusive talks to buy the
($1 = 0.8498 euros)
(Reporting by Martinne Geller; Editing by Susan Fenton)
BRIEF-Unilever To Acquire Schmidt’s Naturals
Unilever Plc(UL): * UNILEVER TO ACQUIRE SCHMIDT’S NATURALS. * SAYS TERMS OF TRANSACTION WERE NOT DISCLOSED Source text for Eikon: Further company coverage:
Buyout firm Platinum seeks parts of Unilever spreads business - sources
* Platinum wants developed markets portion only. * Apollo and CVC also in the fray. * Interest from KKR waning. By Pamela Barbaglia and Martinne Geller. Investment firm Platinum Equity is preparing a binding bid for part of Unilever's margarine and spreads business, sources familiar with the matter said, ahead of next week's deadline for final offers.
Unilever CEO defends balance between growth, margin
Unilever Chief Executive Paul Polman on Thursday defended his balancing of growth and margin, weighing in passionately after a weak third quarter on a debate sparked by this year's unwanted approach from Kraft-Heinz.
Unilever touts new products, structure to fight rivals
Anglo-Dutch consumer goods maker Unilever told investors on Wednesday that it expects new products and a leaner organization to help win an intensifying battle to sell packaged goods around the world.
UPDATE 2-Unilever touts new products, structure to fight rivals
LONDON, Nov 29 (Reuters) - Anglo-Dutch consumer goods maker
Unilever told investors on Wednesday that it
expects new products and a leaner organization to help win an
intensifying battle to sell packaged goods around the world.
Unilever spreads auction narrows with three funds left - sources
Private equity firms Apollo, KKR and CVC Capital Partners are the final three parties left bidding for Unilever's margarine and spreads business, sources familiar with the matter said, as the process moves towards its final round.
Unilever leans towards single structure, delays choice of location
Unilever sees a single corporate structure as in the best interests of the company and its shareholders, but has not yet made a decision to pursue one, it said on Tuesday. The dual-headed, Anglo-Dutch consumer goods group said a single share class would provide "greater ongoing strategic flexibility for value-creating portfolio change".
Unilever board to delay decision on single structure: FT
LONDON (Reuters) - Consumer goods maker Unilever is delaying a decision on whether to pick Britain or the Netherlands as its home base, the Financial Times reported.
PRESS DIGEST- Financial Times - Nov 28
The following are the top stories in the Financial Times. Headlines. * EasyJet (EJTTF) reveals 45 pct gender pay gap http://on.ft.com/2zv1w3z. * British Airways owner IAG buys Gatwick slots from collapsed Monarch http://on.ft.com/2zxyXTn. * Unilever to delay picking UK or Netherlands for sole base http://on.ft.com/2zxzRzf. * David Davis heading for row over Brexit sectoral papers http://on.ft.com/2zxA85f.
Unilever to buy U.S. bodycare products company Sundial Brands
LONDON (Reuters) - Anglo-Dutch consumer goods giant Unilever is to buy U.S.-based company Sundial Brands, a maker of hair and skincare products, expanding deeper into the fast-growing personal care products market.
CORRECTED-Unilever to buy U.S. bodycare products company Sundial Brands
LONDON, Nov 27 (Reuters) - Anglo-Dutch consumer goods giant
Unilever is to buy U.S.-based company Sundial
Brands, a maker of hair and skincare products, expanding deeper
into the fast-growing personal care products market.
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