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Tag: Unilever

Unilever to cut plastic use to appeal to Gen Z

Unilever to cut plastic use to appeal to Gen Z

Business
Media playback is unsupported on your device Unilever, which owns brands such as Surf and PG Tips, says it plans to halve the amount of new plastic it uses in a bid to appeal to younger shoppers.The firm is responsible for producing 700,000 tonnes of new plastic a year.But Unilever plans to slash that figure over the next five years by using more recycled plastic and finding other alternative materials.Nevertheless, Unilever boss, Alan Jope, holds that plastic is a "terrific material".And he maintains that many of the alternatives are worse, saying: "A hysterical move to glass may be trendy but it would have a dreadful impact on the carbon footprint of packaging." Why is plastic a problem? Plastic or paper: Which bag is greener? In an intervie...
Unilever U-turn a resounding victory for shareholders

Unilever U-turn a resounding victory for shareholders

Business
It is impossible to understate the significance of Unilever's decision to drop its controversial plans to scrap its dual-listed structure and move its headquarters to the Netherlands. City investors have been regularly criticised for appearing too supine when up against a determined company board: nodding through takeovers that often turn out to destroy shareholder value; protesting against executive pay policies with votes that are not binding and ignored by boards; and, worse still, not even voting their shares on occasion.In this instance, they have bared their teeth, and how: the third biggest company in the FTSE-100 has received the bloodiest of noses. It is one of the biggest and most resounding victories for shareholder democracy that the City has seen in many, many ...
Unilever cancels controversial UK exit plan

Unilever cancels controversial UK exit plan

Business
Anglo-Dutch consumer goods giant Unilever has cancelled plans to move its main headquarters from London to Rotterdam after Brexit. The Marmite-maker presently has two parent holding companies: Unilever plc, whose shares are listed in London and New York; and Unilever NV, which is based in Rotterdam and whose shares are listed in Amsterdam and New York.Under the proposals, shares of Unilever plc would have been replaced with one new share in Unilever NV, while the two parent holding companies would be replaced simply by Netherlands-based Unilever NV.After resistance from shareholders, however, the company will instead retain both its headquarters in the UK and the Netherlands.Sky News City editor Mark Kleinman described the decision as a "humiliating climbdown for the board ...
Unilever grandees weigh Dutch headquarters shift

Unilever grandees weigh Dutch headquarters shift

Business
The consumer goods giant behind Dove and Marmite‎ has opened talks with the trust established by one of the group's founders as part of a shareholder charm offensive aimed at abolishing its UK headquarters. Sky News has learnt that ‎Unilever and the Leverhulme Trust - set up in 1925 after the death of William Hesketh Lever, or Lord Leverhulme - are discussing the unification of the company's legal structure into a single entity based in the Netherlands.The talks are significant because the board of the Leverhulme Trust, which is the second-biggest investor in Unilever's London-listed shares, is populated by former grandees from the FTSE-100 group.Its views on the move will carry huge weight both inside and outside the company.The Trust's chairman is Niall FitzGera...