Unilever has been making headlines recently due to its new CEO, Hein Schumacher, announcing a significant shake-up of its brand portfolio, focusing on 30 key brands. This move comes amidst a broader trend of strategic changes in the consumer goods industry, with Reckitt's new CEO, Kris Licht, also launching a £1 billion share buyback and setting new financial guidance. Additionally, Unilever has faced pressure from activist investor Nelson Peltz's Trian Fund Management, engaging in proxy battles with the company to seek changes in its strategies and board composition. Furthermore, Unilever has been in the spotlight for its response to a Ukrainian soldier's plea to stop doing business in Russia amid the conflict with Ukraine, with CEO Hein Schumacher promising to reevaluate the situation.
Unilever is a British-Dutch multinational consumer goods company, with headquarters in London, United Kingdom, and Rotterdam, The Netherlands. The company was founded in 1929 through the merger of the British soap maker Lever Brothers and the Dutch margarine producer Margarine Unie. Unilever's diverse product range includes food, beverages, cleaning agents, and personal care products, with well-known brands such as Dove, Lipton, Knorr, and Ben & Jerry's under its umbrella. Known for its sustainability initiatives and commitment to social responsibility, Unilever has a global presence and a long history of innovation in the consumer goods sector.
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Unilever's new CEO Hein Schumacher announced a shake-up of its portfolio, focusing on 30 key brands, while Reckitt's new CEO Kris Licht launched a
£1 billion share buyback and set new financial guidance.
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Unilever CEO Hein Schumacher responds to a Ukrainian soldier's request to stop doing business in Russia, stating that the matter is 'not straightforward' and promising to look at the situation 'with a fresh pair of eyes'
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