UK/NETHERLANDS: Unilever chief fires warning on €uro
Niall FitzGerald, co-chairman of Unilever, has warned that investment by his company may be in jeopardy if Britain fails to adopt the single European currency in the next parliament.
"If there was a decision taken by the electorate that Britain should not join the euro - then we have to go back on assumptions we made about investment," said FitzGerald in an interview with the Independent on Sunday.
He said a note vote would force him to ask: "Does [Britain] continue to be an attractive place in which to base a business which is serving 480m customers, of which 430m are in a different zone?"
Unilever has a number of manufacturing plants in the UK for brands like Walls Ice Cream and Hellmann's mayonnaise, employing over 17,500 people. A pullout or scaling back of operations would have a drastic effect on the food industry in the UK.
FitzGerald admitted that Unilever would financially support a cross-party campaign for a 'yes' vote.
The new health consciousness of consumers is believed to be one of the reasons for stagnant value growth of ice cream sales in Western Europe. But with new and unusual combinations of flavours, more p...
Anglo-Dutch consumer goods giant Unilever is reportedly carrying out a review of its frozen foods division that could lead to the sell-off of brands such as Birds Eye or Carte d'Or....
Anglo-Dutch food and consumer goods company Unilever has reported a fall in profit for the second quarter of 2005 and said it needs to do more to improve its competitiveness in Western Europe....
Unilever will eschew the TV screen and head to the web to launch a new ad campaign for the spray bottle version of I Can't Believe It's Not Butter. While the brand may not initially seem an obvious ca...
The Canadian Food Inspection Agency and Unilever are warning people with allergies not to consumer various Fleischmann's brand margarine products which may contain milk protein not listed on the label...
Anglo-Dutch food and consumer goods giant Unilever has reported rises in sales and net profit for the first quarter of 2005....
Unilever Bestfoods, part of Anglo-Dutch consumer goods giant Unilever, has just opened a European innovation centre for sauces and condiments in Dijon....
Unilever Bestfoods is talking to agencies about handling a relaunch of its Colman's mustard and sauce brand, according to trade magazine Marketing....
- General Mills sales woes continue - analysis
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- Comment: Meal kits in US - don't believe the hype
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Mondelez set for union crosshairs next week
- Brazil seeks to cool concerns over meat probe
- US meal delivery service Blue Apron buys BN Ranch
- Lactalis fails to hit threshold to delist Parmalat