California is, in its own words, "facing one of the most severe droughts on record" and food and beverage companies are under scrutiny. The...
Today was a positive day for Unilever in some ways. The FMCG giant's first-quarter sales beat expectations and its shares rose steadily in L...
The degree to which structural factors are inhibiting food companies from making faster progress on using recycled material in packaging and...
Nestle revealed today (19 February) that full-year earnings rose on one-time gains and improved margins. Net sales were down due to the impa...
In the second section of a two-part interview, R&R Ice Cream CEO Ibrahim Najafi speaks to Dean Best about how the UK-based company is navigating the challenges in its domestic - and still largest - market.
R&R Ice Cream is the second-largest ice cream manufacturer in Europe by sales, behind only Unilever. But the UK-based business's CEO, Ibrahim Najafi, promoted to the top job at the company 18 months ago, has his sights on expansion further afield.
This week, Arla Foods struck a notable deal in Egypt, with plans for a local venture with Juhayna Food Industries. Elsewhere, Unilever announced CFO Jean-Marc Huet would step down from his post and Thorntons said CEO Jonathan Hart had decided to leave the business. Premier Foods announced its annual results and CEO GavinDarby said the UK group would continue to focus on revamping its range.
The US Department of Agriculture's development of GMO certification scheme emerged this week, adding to the debate over the labelling of foods containing genetically modified ingredients. Elsewhere in the US, Mondelez International revealed jobs will go at a biscuit plant in Chicago. Meanwhile, dairy giant Arla Foods announced a deal in Egypt with local processor Juhayna Food Industries.
Unilever CFO Jean-Marc Huet is standing down from his post and will be replaced by UK and Ireland executive vice president Graeme Pitkethly, the company revealed today (19 May).
Nestle this week admitted 3G Capital and Warren Buffett's investments in the food industry had led to "accelerate" efforts to "adjust" its portfolio. The food giant was also one of the companies reporting first-quarter results, a group that included Unilever, which saw food volumes rise 3%, although it remains too early to call a sustained recovery from the unit.
Unilever has booked first-quarter underlying sales growth at its food and refreshment businesses, although pricing in food and volumes of refreshment lines - which include ice cream - came under some pressure in the period.
Unilever today (5 May) published news on the progress it is making on its ten-year programme to double in size while reducing its impact on the environment - and claimed its efforts were becoming an engine behind its sales.
It's no secret Unilever's spreads arm has been suffering for some time and, as CFO Jean-Marc Huët pointed out when he reflected on the company's 2014 performance in January, declining demand for its brands was dragging down the performance of the rest of its food business.
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Unilever PLC (ULVR) - Financial and Strategic SWOT Analysis
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