Unilever PLC’s prestige beauty lines and its dietary supplements products are “bright spots” as it reviews its portfolio and considers divesting its tea business and potentially others.
Unilever Values Beauty, Supplement Sectors As It Considers Leaving Others
Unilever reported 0.5% full-year sales growth for the beauty and personal care division to €5.6bn and overall growth was 2.9% to €52bn, but the fourth quarter was its weakest in more than a decade, with reported sales growth at 1.5% to €12.6bn.
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Cincinnati-based P&G reports its antiperspirants/deodorants business is a ‘pocket of strength,’ growing 11% in the US in the fiscal second quarter and helping lift overall beauty sales as skin care stumbles.
New York-based International Flavors & Fragrances, Inc.’s Scent division is undertaking R&D in natural, synthetic chemistry and biotech molecules, says CEO Erik Fyrwald during a third quarter earnings presentation 6 November.
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British consumer goods firm Unilever PLC announces it will replace CEO Hein Schumacher with CFO and Executive Director Fernando Fernandez 1 March.