Unilever (NYSE: UN, UL) yesterday announced that it had reached a settlement with Procter & Gamble (NYSE: PG) regarding Procter & Gamble’s competitive intelligence operation directed at Unilever’s hair care business in the United States.

Charles B. Strauss, president and CEO of Unilever United States said: “We have a settlement that ensures that our confidential information is protected. With this agreement, we are confident that Procter & Gamble’s conduct will not impede the continued growth of our brands here. This agreement draws to a close what has been an unfortunate incident.”

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Terms of the agreement were not disclosed.

Unilever’s hair care brands in the United States include Suave, Finesse, ThermaSilk, Salon Selectives, Rave and Aqua Net.

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now