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Unilever

Unilever to sell SariWangi tea stake in $89m deal
Companies 1 month ago

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Unilever to sell SariWangi tea stake in $89m deal

The multinational company is divesting its stake to PT Savoria Kreasi Rasa, an affiliate of local conglomerate Djarum Group.
Unilever records double-digit profit growth in first 9 months
Companies 3 months ago

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Unilever records double-digit profit growth in first 9 months

PT Unilever Indonesia has reported strong profit growth for this year’s first nine months, but that comes after sales nosedived last year.
Boycott continues to hit bottom lines of firms with perceived Israel ties
Companies 1 year ago

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Boycott continues to hit bottom lines of firms with perceived Israel ties

Analysts suggest that the affected firms exercise caution in any business expansion until the effects of the boycott movement subside and focus on making their products appealing to consumers.
Food companies sell products that are less healthy in poorer countries, says report
Food 1 year ago

Food companies sell products that are less healthy in poorer countries, says report

Products sold by companies including Nestle, Pepsico and Unilever were assessed as part of a global index published by the Access to Nutrition Initiative (ATNI), its first since 2021. 
Unilever Indonesia’s profit down 62% as sales slump
Companies 1 year ago

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Unilever Indonesia’s profit down 62% as sales slump

The local subsidiary of the consumer goods giant has attributed its profit slump to an 18 percent decline in third-quarter sales due to price instability affecting its distributors and reduced customer demand.
PNM and Unilever renew collaboration for Bu Karsa Program
Front Row 1 year ago

PNM and Unilever renew collaboration for Bu Karsa Program

PNM and Unilever have once again joined forces to roll out the Bu Karsa program (Healthy Mothers for Prosperous Families) across seven cities and regencies throughout Indonesia. This initiative targets PNM Mekaar (Fostering Prosperous Family Economy) customers, offering literacy training focused on four key topics.
Unilever to extend price cuts in response to market pressure
Companies 1 year ago

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Unilever to extend price cuts in response to market pressure

The FMCG giant has reported a 10.6 percent annual decline in profit for the first half of 2024 to Rp 2.5 trillion ($153.9 million), the lowest figure in a decade.
Unilever Indonesia’s sees 5% sales decline in Q1 2024
Companies 1 year ago

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Unilever Indonesia’s sees 5% sales decline in Q1 2024

Net profit still grew by 3 percent yoy to Rp 1.45 trillion, compared with the same period last year, thanks to cost-cutting measures.
Global M&A picks up in Q1 after flurry of large deals
Companies 1 year ago

Global M&A picks up in Q1 after flurry of large deals

US M&A volumes surged 59 percent to $431.8 billion. European deals jumped 64 percent, while Asia Pacific volumes slumped 40 percent.
Unilever takes sales hit in Indonesia over anti-Israel boycotts
Companies 2 years ago

Unilever takes sales hit in Indonesia over anti-Israel boycotts

The maker of Dove soap, Knorr stock cubes and Ben & Jerry's ice cream is among several Western brands that have seen protests and boycott campaigns against them - particularly in countries with large Muslim populations - over their perceived pro-Israeli stance in the Israel-Hamas conflict.
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