Consumer goods mega-giant Unilever had good news Thursday as it beat Q3 growth predictions and kept to its full-year profit margin guidance due to its brand power enabling it to hike prices to cope with rising costs.
Unilever and Procter & Gamble, the world's top two advertisers, are seeking out younger audiences by reallocating some 2021 spending away from traditional TV and into video games, streaming services and media programs.
Unilever will remove the word "normal" from its beauty and personal care products, as well as stop digital alterations of body shapes and skin colour of models used in its advertising in a push to be more inclusive.
Unilever expects global consumption patterns to be suppressed in the first half of this year, even as business returns to normal in East Asia and markets in Africa and Latin America show resiliency, its CEO announced.
Gucci debuted its fashion TV series on Monday evening, featuring its latest collection, an online innovation entitled Ouverture of Something That Never Ended, jointly directed by Alessandro Michele and Gus Van Sant.
Unilever had upbeat news on Thursday. Despite currency effects sending its turnover down overall, it released Q3 figures that showed underlying sales growth (USG) of 4.4%, and prestige beauty was buoyant.