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Hindustan Unilever's "Glow & Lovely" is the leading skin-lightening cream for women in India. [20] The company had to cease television advertisements for the product in 2007. Advertisements depicted depressed, dark-complexioned women, who had been ignored by employers and men, suddenly finding new boyfriends and glamorous careers after the ...
In 2003, Bunge Limited acquired the Dalda brand from Hindustan Unilever Limited for reportedly under Rs 1 billion. [36] 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. [37]
In 2013, he took over Unilever's business in India and South Asia, as Chairman and MD of Hindustan Unilever (HUL). Under his leadership, in seven years HUL's market capitalisation increased from $17 billion to over $70 billion, making HUL the top five most valuable companies in India, as well as Asia's largest consumer staples company. [14]
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Additionally, the rural FMCG market is projected to grow at a CAGR of 14.6% to reach US$100 billion by 2020 and US$220 billion by 2025. [1] The rural setting accounts for 45% revenue share while the urban setting dominates with 55% revenue share of the total revenue of the FMCG industry. [4]
In 2003, Bunge Limited acquired the Dalda brand from Hindustan Unilever Limited for reportedly under Rs 100 crore. [16] 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]
He worked at Unilever for 33 years, where was on the Unilever Executive Board and he held roles including Chairman and CEO of Hindustan Unilever and President of the Global Foods, Home and Personal Care businesses. [3] He subsequently became a partner at private equity firm Clayton, Dubilier, & Rice.
In 1998, Tatas sold their stake in Lakmé to Hindustan Unilever [3] for ₹ 200 crore (US$48.46 million). [4] Lakmé mainly sells coloured cosmetic products such as lipsticks, eyeliners and skincare cream. In December 2018, it launched its e-commerce platform. [5] [6] As of 2021, Lakmé also runs 485 beauty salons under Lakmé Lever. [7]