Unilever is cutting 1,500 jobs and reorganising its structure as it comes under pressure from investors over its sluggish performance. Beauty chief Sunny Jain is leaving but Hindustan Unilever's chief remains.
Just when people were talking about a couture season of intimate shows, along comes Virginie Viard, and artist Xavier Veilhan, with a mega ambitious metaphysical set and constructivist collection for Chanel.
Hindustan Unilever is preparing to release its performance report for the third quarter of the 2022 financial year and is expected to see a double-digit rise in net profit, as well as a rise in overall sales.
Unilever PLC on Wednesday effectively abandoned its plans to buy GlaxoSmithKline's consumer healthcare business, saying on Wednesday that it would not raise a 50 billion pound offer that GSK previously rejected.
The bid for GSK's assets, including Sensodyne toothpaste and Advil painkillers, comes as Unilever is dealing with steep inflation and sluggish growth in emerging markets, where it derives 60% of its revenues.
British consumer giant Reckitt Benckiser sought to allay the concerns of its army of sales agents in India about unfair pricing, saying it had taken steps to ensure a level playing field for distributors.