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In 1995, Lever Brothers, 40% owned by Unilever merged with Unilever Nigeria Limited, a subsidiary of the Unilever U.K. The merger gave Unilever control of the newly merged entity, this was the first time since the indigenisation decree was scrapped that a multinational will have majority equity in a quoted Nigerian company. [5]
On 30 March 2004, Unilever Pakistan accepted an offer of Rs. 1.33 billion for the sale of its Dalda brand and related business of edible oils and fats to the newly incorporated company Dalda Foods (Pvt.) Limited. [17] On 16 January 2014, Unilever Philippines sold the Royal pasta brand to Philippine company RFM Corporation for around Php 2.1 ...
Close-Up is an American brand of toothpaste launched in 1967 by Unilever as the first gel toothpaste. [1] [2] The brand is marketed worldwide by Unilever [3] and licensed since 2003 [4] [5] to Church & Dwight for the North American market.
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In 2010, Unilever acquired the Diplom-Is in Denmark, [47] Unilever announced that it had entered into a definitive agreement to sell its consumer tomato products business in Brazil to Cargill, [48] purchased Alberto-Culver, a maker of personal care and household products including Simple, VO5, Nexxus, TRESemmé, and Mrs. Dash, for US$3.7 billion.
For Unilever, there are still parts of its business, like its ice cream segment, with an uncertain future. And LVMH’s sales still hinge heavily on fashion and leather products.
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Unilever is powering through a strategic overhaul, which has so far included a wave of layoffs and a spinoff plan for its ice cream business. Unilever wants to sell brands worth €1 billion in ...