Live News • May 04
Unilever to Spin Off Food Business With McCormick in US$44.8b Merger and Focus on Growth Unilever plans to spin off its food business and merge it with McCormick in a Reverse Morris Trust deal valued at about US$44.8b.
After the spin-off, Unilever intends to position itself as a more focused pure-play in beauty, wellbeing, personal care and home care.
The company reported 3.8% underlying sales growth in Q1 2026, reaffirmed its 2026 guidance, and announced a €1.5b share buyback.
For you as an investor, the planned Reverse Morris Trust with McCormick is a major portfolio reshaping event. It separates Unilever’s food operations into a combined entity with a specialist in flavours and seasonings, while leaving the listed Unilever concentrated in categories where management sees faster growth potential and strong positions in areas such as emerging markets like India. The transaction is subject to shareholder and regulatory approvals and is targeted to close by mid-2027, so any change to the company’s profile and financials will unfold over several years.
The Q1 2026 update, with 3.8% underlying sales growth supported by home care volumes and a reaffirmed full-year outlook, signals operational consistency during a complex corporate move. The €1.5b share buyback suggests management is comfortable deploying capital to existing shareholders during the transition. At the same time, investors face typical execution risks around large separations, integration at the new food company and potential disruption before and after the spin-off. How you view Unilever will increasingly depend on your preference for a more focused personal and home care group versus a diversified consumer goods profile that includes food. Declared Dividend • May 02
Dividend of UK£0.40 announced Shareholders will receive a dividend of UK£0.40. Ex-date: 14th May 2026 Payment date: 26th June 2026 Dividend yield will be 9.5%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (76% earnings payout ratio) and cash flows (64% cash payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.5% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 17
Dove Introduces Scalp And Hair Therapy Dove introduced the latest innovation in scalp and hair care, a cutting-edge range designed to deliver tailored solutions for every scalp. Dove Scalp + Hair Therapy is designed as a complete scalp skincare system, restoring and strengthening the scalp's protective barrier while nourishing and caring for hair. Developed by scientific teams, the collection is powered by skincare-inspired ingredients and cutting-edge technology including Glycerin to nourish the scalp and reduce dry flakes, Niacinamide (Vitamin B3) to moisturise, strengthen the scalp skin barrier, and maintain balance, and Biomimetic technology to repair hair from within. Through advanced proteomic mapping, Dove scientists have identified the precise proteins and amino acids lost through every day and accumulative damage. One key discovery is the depletion of Glutamic Acid, a vital amino acid that plays a critical role in maintaining hair fibre resilience. Dove Scalp + Hair Therapy Density & Growth is powered by Dynazinc technology, this range helps anchor follicles to the scalp and prolong the hair's growth cycle. It inhibits the enzyme responsible for weakening the bond between fibre and follicle by reinforcing it at the root to support stronger, faster growing hair. In clinical testing, it supported the anchoring of up to 10,000 more hairs at the root, helping hair stay in place for longer and contributing to visibly fuller density over time. Scalp + Hair Therapy Density & Growth Shampoo and Conditioner reinforces the fibre-to-follicle connection while gently removing impurities and restoring hydration balance at the scalp. Scalp + Hair Therapy Density & Growth 3-in-1 Scalp Serum helps strengthen root anchoring and create optimum conditions for hair to thrive. In clinical testing, it helped deliver up to 10,000 more hairs in just 12 weeks. Scalp + Hair Therapy Density & Growth Root Lift Spray instantly plumps and lifts, so hair appears stronger, and with amplified volume from root to tip. 89% of women saw thicker, stronger hair and increased hair volume. Scalp + Hair Therapy Density & Growth 10-in-1 Strengthening Mask reinforces bonds to restore resilience and deliver 10 transformative benefits including up to 10x stronger hair, frizz control, more shine, and up to 99% less hair fall. Available at Boots, Superdrug, Amazon, Tesco, Sainsbury's and most major retailers. RRP starting from £5. Unilever has around 5,000 experts working in Research & Development worldwide. Announcement • Apr 11
Unilever PLC (LSE:ULVR) agreed to acquire Gruns Nutrition, Inc. Unilever PLC (LSE:ULVR) agreed to acquire Gruns Nutrition, Inc. on April 9, 2026.
The transaction is subject to approval by regulatory board / committee. The expected completion of the transaction is later this year. Buy Or Sell Opportunity • Mar 18
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.6% to UK£47.13. The fair value is estimated to be UK£59.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 3.2% over the last 3 years. Earnings per share has declined by 15%. For the next 3 years, revenue is forecast to grow by 3.3% per annum. Earnings are also forecast to grow by 7.5% per annum over the same time period. Announcement • Mar 17
Dove Unveils the Art of Repair Limited Edition Haircare Collection Exclusively At Walmart Dove unveiled its new haircare collection, The Art of Repair, a limited-edition, Walmart-exclusive range that celebrates the artistry of hair restoration through damage repair. Inspired by the meticulous craft of fine art conservation, the collection rebuilds damaged hair fibers with precision—reviving brilliance, restoring strength, and honoring hair as the personal masterpiece it is. Featuring Dove's signature Bio-Protein Care technology, this system meticulously rebuilds broken bonds, refilling hair with protein builders to help reverse signs of up to three years of accumulated damage. Strands are transformed from dry and damaged, to hair that is hydrated, smooth and 10x stronger, using the complete 3-step system (shampoo, conditioner, and treatment). Dove's The Art of Repair collection brings this philosophy to life through special, limited-edition packaging featuring iconic works of art, turning an everyday hair repair routine into an artful ritual. Curated with a sophisticated fragrance of juicy red berries, soft florals, and creamy vanilla, Dove Limited Edition The Art of Repair system adds a sensory layer to the ritual of hair restoration, and includes: Dove Limited Edition The Art of Repair Bond Strength Restorative Shampoo ($5.84 SRP): Made with Bio-Protein Care and infused with Peptides, this is the first step to visibly repair signs of damage for chemically treated hair. Dove Limited Edition The Art of Repair Bond Strength Restorative Conditioner ($5.84 SRP): The second step to help reverse signs of as much as three years of accumulated damage and restore smoothness. Dove Limited Edition The Art of Repair Silk Canvas Bi-Phase Serum + Oil ($9.97 SRP): An ultra-light, fast-absorbing formula that delivers 89% less breakage*, enhances shine for up to 48 hours, reduces split ends and helps provide an anti-humidity shield for up to 72 hours of frizz control. The Art of Repair introduces a bold new look for Dove, featuring sleek black bottles across the range. The darker backdrop was artfully designed to evoke the feeling of a gallery setting, allowing the featured artworks to stand out on shelf, bringing the elevated experience of art into the haircare aisle. Dove is debuting "The Art of Repair," a cinematic social film that imagines museum-worthy art being carefully restored before revealing the limited-edition collection. The short film is supported by a broader social and retail campaign, including creator partnerships, sensory branded content, and in-store displays designed to bring The Art of Repair collection to life for shoppers. The Dove Limited Edition The Art of Repair Collection is now available for a limited time, exclusively at Walmart stores nationwide and on Walmart.com. Fans can show how they bring The Art of Repair into their routine by tagging @Dove and sharing their favorite looks from the collection. Announcement • Mar 03
Unilever Appoints Reema Jain as Chief Information Officer Unilever has appointed Reema Jain as Chief Information Officer (CIO) to oversee its core IT operations, reporting to the company’s Chief Digital and Technology Officer. Jain rejoined Unilever in 2025 as Global VP of Digital Technology and now steps into the CIO role as part of the group’s ongoing transformation under CEO Fernando Fernandez. Since taking the helm in 2025, Fernandez has continued a wide-ranging restructuring plan initiated in 2024, including a 25% leadership reduction, the spin-off of the ice cream business, 7,500 job cuts, and changes to the sustainability leadership team. Jain’s appointment reinforces Unilever’s push to modernize its technology backbone and embed AI across the value chain, aligning IT leadership with its broader transformation and digital acceleration agenda. Recent Insider Transactions • Feb 18
CEO & Director recently sold UK£910k worth of stock On the 12th of February, Fernando Fernandez sold around 17k shares on-market at roughly UK£52.50 per share. This transaction amounted to 5.8% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Fernando's only on-market trade for the last 12 months. Reported Earnings • Feb 15
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: €2.60 (down from €2.92 in FY 2024). Revenue: €50.5b (down 17% from FY 2024). Net income: €5.68b (down 1.1% from FY 2024). Profit margin: 11% (up from 9.5% in FY 2024). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, while revenues in the Personal Products industry in the United Kingdom are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Major Estimate Revision • Jan 26
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €2.70 to €2.97. Revenue forecast steady at €50.5b. Net income forecast to grow 20% next year vs 12% growth forecast for Personal Products industry in the United Kingdom. Consensus price target broadly unchanged at UK£52.48. Share price rose 2.2% to UK£48.62 over the past week. Major Estimate Revision • Jan 17
Consensus EPS estimates increase by 12% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from €50.5b to €51.8b. EPS estimate increased from €2.70 to €3.02 per share. Net income forecast to grow 20% next year vs 12% growth forecast for Personal Products industry in the United Kingdom. Consensus price target broadly unchanged at UK£52.57. Share price was steady at UK£47.62 over the past week. Board Change • Dec 20
High number of new directors There are 6 new directors who have joined the board in the last 3 years. CFO & Director Srini Phatak was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Dec 10
Unilever PLC to Report Q2, 2026 Results on Jul 28, 2026 Unilever PLC announced that they will report Q2, 2026 results on Jul 28, 2026 Buy Or Sell Opportunity • Dec 08
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 10% to UK£41.60. The fair value is estimated to be UK£54.05, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8%. For the next 3 years, revenue is forecast to grow by 2.0% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Dec 01
Katjes International GmbH & Co. KG agreed to acquire Nature Delivered Ltd from Unilever PLC (LSE:ULVR). Katjes International GmbH & Co. KG entered into an agreement to acquire Nature Delivered Ltd from Unilever PLC (LSE:ULVR) on December 1, 2025.
The transaction is subject to approval by regulatory board / committee and debt financing secured by acquirer. The expected completion of the transaction is January 1, 2026 to June 30, 2026.
As part of the acquisition, funding will be provided through cash and a loan. This strategic initiative is designed to enhance Katjes' brand portfolio in the European healthy snacking market. Buy Or Sell Opportunity • Nov 14
Now 22% undervalued The stock has been flat over the last 90 days, currently trading at UK£44.70. The fair value is estimated to be UK£56.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 6.8%. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings are also forecast to grow by 9.8% per annum over the same time period. Announcement • Nov 12
Unilever plc Announces Executive Changes Unilever has appointed Michael Stewart as its new Chief Corporate Affairs and Communications Officer, following the departure of Rebecca Marmot, who is stepping down after nearly two decades with the company. In his new role, he will oversee communications, sustainability, public policy, and government relations for the global consumer goods giant. Stewart joins Unilever from PwC, where he served as Global Leader for Corporate Affairs and Communications. Stewart brings more than two decades of experience in corporate communications and reputation management. Before his time at PwC, he spent over a decade at Edelman, serving as Global Vice Chair and previously as European CEO. Earlier in his career, he spent 12 years at McKinsey & Company as Partner and Global Director of Communications. Stewart's appointment underscores Unilever's focus on strengthening its reputation and advancing its sustainability commitments amid growing global expectations for corporate transparency and responsible business leadership. Announcement • Oct 30
Dove Brings Back the Holiday Treats Limited-Edition Collection Nationwide with Six Festive Fragrances and New Body Mist Format Beauty brand Dove and Madison Square Garden Entertainment Corp. announced a new partnership naming Dove an Official Partner of the Rockettes – who are celebrating their 100 anniversary this year – and the 2025 Christmas SpectacularStarring the Radio City Rockettes. Through this partnership, Dove will bring its Holiday Treats Limited-Edition Collection, which includes six festive fragrances across Body Wash, Beauty Bar, Scrubs, Deodorant, Liquid Hand Wash and new Body Mist format to life through interactive experiences at Radio City Music Hall beginning with the opening of the Christmas Spectacular on November 6, 2025. The partnership brings multiple activations to Radio City Music Hall throughout the season, including a photobooth on the second mezzanine, product integration in the lounges for guests to enjoy, and product gifting for audience members following three select shows. The collection will also be featured in a billboard in the show's iconic Times Square scene during the fan-favorite "New York at Christmas" number, viewed by the more than one million guests who attend the Christmas Spectacular during the production's eight-week run.
Additionally, the Dove Holiday Treats Limited-Edition Collection is available nationwide, online and in stores through January 2026, while supplies last. The collection offers six seasonal scents and delivers the superior care you love from Dove, including sulfate-free and paraben-free Body Washes, Beauty Bar, Body Scrubs and Liquid Hand Washes, alongside paraben-free Antiperspirant Deodorants, and a brand new Body Mist format: Sugar Cookie Sprinkle – A comforting blend of vanilla nuttiness and freshly baked sugar cookies. Peppermint Bark – A sweet swirl of peppermint candy and creamy chocolate. Spiced Chai Latte – Cozy notes of cardamom and clove that warm the senses (Walmart exclusive). Frosted Plum Berry – A sparkling winter mix of frosted plum and spun sugar (Target exclusive). Gingerbread Delight – Nostalgic notes of butter, molasses, and candied ginger (Target exclusive). Hot Cocoa Swirl – A rich fusion of cocoa and toasted marshmallow for the ultimate winter treat (Target exclusive). Debuting for the first time ever, Dove Holiday Treats Body Mists are available in Sugar Cookie Sprinkle, Frosted Plum Berry, and Gingerbread Delight exclusively at Target in stores and on Target.com. To extend the magic of the holidays beyond the shower, the lightweight body mists are infused with essential oils and festive scents that can be layered with your favorite Dove Body Wash, Scrub, or Deodorant. Declared Dividend • Oct 26
Dividend of UK£0.39 announced Shareholders will receive a dividend of UK£0.39. Ex-date: 6th November 2025 Payment date: 5th December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 16
Rare Beauty Brands, Inc. agreed to acquire Kate Somerville Skincare, LLC from Unilever PLC (LSE:ULVR). Rare Beauty Brands, Inc. agreed to acquire Kate Somerville Skincare, LLC from Unilever PLC (LSE:ULVR) on October 14, 2025. The transaction is subject to regulatory approvals and is expected to close in Q4 of 2025. PricewaterhouseCoopers Corporate Finance Inc. acted as exclusive financial advisor to Unilever PLC. Announcement • Oct 07
Unilever plc Appoints Belén Garijo López as an Independent Non-Executive Director, Effective from 13 May 2026 Unilever PLC announced that Belén Garijo López has been appointed as an independent Non-Executive Director. Belén will join the Unilever Board with effect from 13 May 2026. Belén also serves on the board of Banco Bilbao Vizcaya Argentaria (BBVA) and previously served as Non-Executive Director for L'Oreal from 2014 to 2024. She is serving as Chair of the Executive Board and Chief Executive Officer of Merck Group until the end of April 2026. Belén brings extensive global commercial expertise across the FMCG and healthcare sectors, with a proven track record of driving performance and leading complex transformations. She is widely recognised for her leadership in diversity and international collaboration. Announcement • Sep 19
Unilever PLC Appoints Srinivas Phatak to the Board, Effective 18 September 2025 Unilever PLC announced appointment of Srinivas Phatak to the board, effective 18 September 2025 . In February 2025, Unilever PLC announced that Srinivas, who was Deputy Chief Financial Officer and Group Controller at the time, would become acting CFO and that a full search would be initiated to appoint a permanent CFO. Srinivas is currently Independent Non-Executive Director on the board of Coats Group plc. Announcement • Sep 16
Unilever PLC Appoints Srinivas Phatak as Its New Chief Financial Officer, Effective September 16, 2025 Unilever PLC announced the appointment of Srinivas Phatak as its new Chief Financial Officer after a thorough internal and external search process. Srinivas's appointment as CFO, and to the Board and Unilever Leadership Executive is effective September 16, 2025. In February 2025, Unilever PLC announced that Srinivas, who was Deputy Chief Financial Officer and Group Controller at the time, would become acting CFO and that a full search would be initiated to appoint a permanent CFO. Following that process, the Unilever Board is in unanimous agreement that Srinivas is the best candidate for the role, due to the strength of his industry and functional experience and having performed strongly as acting CFO. Declared Dividend • Aug 03
Dividend of UK£0.39 announced Shareholders will receive a dividend of UK£0.39. Ex-date: 14th August 2025 Payment date: 12th September 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has increased by an average of 4.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • Aug 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 20% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks High level of debt (126% net debt to equity). Large one-off items impacting financial results. Reported Earnings • Aug 01
First half 2025 earnings released: EPS: €1.43 (vs €1.48 in 1H 2024) First half 2025 results: EPS: €1.43 (down from €1.48 in 1H 2024). Revenue: €30.1b (down 3.2% from 1H 2024). Net income: €3.51b (down 5.1% from 1H 2024). Profit margin: 12% (in line with 1H 2024). Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 2.2% growth forecast for the Personal Products industry in the United Kingdom. Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Jul 31
Unilever plc Announces Quarterly Dividend, Payable on September 12, 2025 Unilever PLC announced quarterly dividend is €0.4528 per share or £0.3916 per Unilever PLC ordinary share at the applicable exchange rate issued by WM/Reuters on 29 July 2025. Ex-dividend Date for ADRs is August 15, 2025. Record date is August 15, 2025. The dividend will be payable on September 12, 2025. Announcement • Jul 24
Baby Dove Announces the Launch of Nested, A New Digital Hub Creates in Partnership with Peanut Baby Dove announced the launch of Nested, a new digital hub created in partnership with Peanut. Informed by the rising "nesting" trend, where expecting moms prepare a safe, comforting space before baby, Nested is an innovative initiative that brings expert care, emotional connection, and the trusted, superior care legacy from Dove to new parents navigating the realities of modern motherhood-- just in time for peak birth season and ahead of National Breastfeeding Awareness Month this Fall. Built on the Dove legacy of trust, superior care, superior care, Baby Dove goes a step beyond with products specially designed for babies' delicate skin - dermatologist-tested, pediatrician recommended, and crafted to gently cleanse, moisturize, and protect. Baby Dove is more than just exceptional care; it's a brand driven by purpose. With Nested, Baby is redefining what support for new parents looks like. A recent Baby Dove-commissioned survey revealed that 69% of Gen-Z and Millennial first-time moms don't feel prepared for motherhood1. Even more revealing, 60% of moms say that hearing honest experiences from other moms would help, yet half lack a circle of fellow moms they can rely on2. For Black moms, the gap is even wider: 42% say they don't receive enough support during pregnancy and childbirth, compared to 25% of moms overall3. Baby Dove is committed to changing that - raising the bar not just in baby care, but in the care of parents, too. As part of the Baby Dove x Peanut Nested launch, Cadet will interview Nicole Deggins, certified nurse midwife, birth advocate, doula trainer, and Baby Dove partner, for a powerful dialogue on the reality of motherhood today, the resurgence of community-based care, and what it means to build a village in a digital age. With Nested, Baby Dove continues its mission to support every kind of family--not just with product, but with purpose. Buy Or Sell Opportunity • Jul 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.0% to UK£44.82. The fair value is estimated to be UK£56.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.2% per annum. Earnings are also forecast to grow by 8.5% per annum over the same time period. Announcement • Jul 01
Dove Debuts Garden Tea Party-Inspired Body Care Collection Exclusively at Target Dove is capturing the elegance of fresh florals and the charm of afternoon tea with its NEW Limited-Edition Dove Garden Tea Party Collection, available exclusively online and in-store at Target for a limited time starting June 30. With nearly half a billion views on TikTok, trends like Rococo and Regency Romance have captivated audiences with their elegant aesthetic, blending rococo fashion, floral landscapes and garden-inspired gatherings. The Garden Tea Party Collection brings this enchanting world to life, offering a self-care escape inspired by leisurely afternoon teas and the beauty of blooming gardens. Aligning to 2025's top scent trends, such as fig, berry notes and florals, this collection offers fragrances a new way to turn everyday care into a feel-good ritual. The collection features four popular fragrances across Dove Body Wash, Body Scrub, Beauty Bar, and Antiperspirant Deodorant. Velvet Fig Bloom: A rich, fruity floral blend that evokes the essence of garden tea parties, with notes ofvelty fig, blooming lilac and warm spun sugar for an indulgent pampering experience resulting in velvet soft skin. English Pear Blossom: A bright, floral-fruity scent with crisp pears, soft floral breezes and a hint of Meyer lemon that wraps in a delightfully indulgent, uplifting embrace while leaving skin soft and smooth. Rose Berry Bouquet: This vibrant fusion of freshly picked wild roses, juicy raspberries and a hint of sugared vanilla captures the charm of a sunny afternoon soiree, leaving skin petal-soft. Honeysuckle Gardenia: A robust floral scent of gardenia petals, sweet honeysuckle and a touch of lushbergamot, leaving skin soft, delicately scented and delightfully refreshed. The Dove Garden Tea Party Collection includes: Body Wash ($7.99 /20 fl oz) - Infused with 24-hour Renewing MicroMoisture and plant-based moisturizers for petal-soft skin. Body Scrub ($7.99 /15 fl oz) - With Dove's signature 1/4 moisturizing cream and plant-based cleansers, it gently exfoliates for glowing skin. Beauty Bar ($6.99 /3.75 oz, 4-pack) - Gentle cleansing and deep moisture to nourish skin daily. Antiperspirant Deodorants ($7.99 /2.6 oz) - Helps replenish ceramide levels while offering lasting protection and indulgent fragrance. The Dove Garden Tea Party collection is available for a limited time starting June30, exclusively online and in-store At Target. Announcement • Jun 24
Unilever PLC (LSE:ULVR) signed an agreement to acquire Dr. Squatch, LLC from Summit Partners, L.P and others. Unilever PLC (LSE:ULVR) signed an agreement to acquire Dr. Squatch, LLC from Summit Partners, L.P and others on June 23, 2025.
The transaction is expected to close later this year, subject to customary regulatory approvals and closing conditions. Announcement • Jun 19
Unilever Reportedly Explores Sale of Healthy Snack Brand Graze Unilever PLC (LSE:ULVR) is exploring a sale of its healthy snack brand Graze (Nature Delivered Ltd), as the consumer group’s new chief presses ahead with plans to tilt its portfolio away from food and towards personal care and beauty. The maker of Dove soap and Marmite has recently approached a number of consumer goods groups and food manufacturers to gauge their interest in buying Graze, according to people familiar with the matter. One banker estimated that Graze, which Unilever bought for £150 million in 2019, would be valued at between £50 million and £80 million in a sale. Unilever declined to comment. The brand, which sells oat bars and packets of roasted corn, blamed the recent decline on a slowdown in its direct-to-consumer sales. Graze has made an operating loss every year under Unilever’s ownership, according to accounts filed at UK Companies House. Unilever promoted its chief financial officer, Fernando Fernandez, to chief executive in March, abruptly replacing Hein Schumacher, who had planned to sell food brands generating a total of €1bn of annual revenue as part of his turnaround efforts. Fernandez is continuing with his predecessor’s plans as part of a shift in focus to higher margin beauty, personal care and health and wellness categories. In the past six months Unilever has sold Dutch brands Conimex and Unox, as well as plant-based brand The Vegetarian Butcher. Graze, which Unilever acquired from private equity group Carlyle, was founded in 2005 as a snack box delivery service, before starting to supply supermarkets and other retailers in 2015. Unilever integrated Graze into its wider operations last year. Unilever bought the brand as part of a push into direct-to-consumer selling, which included the $1 billion acquisition of subscription razor service Dollar Shave Club, and to meet growing consumer demand for healthier snacks. Buy Or Sell Opportunity • May 13
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.9% to UK£45.67. The fair value is estimated to be UK£57.38, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.8% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 10% per annum over the same time period. Announcement • May 04
Unilever's Clear Launches Scientific Anti-Dandruff Series: Lab-Proven Tech Targets Oil, Flakes, and Sensitivity On April 17, 2025, CLEAR, Unilever's premium professional anti-dandruff brand, officially launched its first SCALPCEUTICALS PRO RANGE globally at TANK Shanghai. This series embodies the brand's 50 years of scientific research and unites the efforts of five global labs and over 200 dermatologists. Using three patented technologies to precisely target scalp concerns like oiliness, dandruff, and sensitivity, it powerfully initiates a revolutionary new era of "cellular-level repair" in scalp care, ushering in a new chapter for premium quality in the field. Currently, China's premium scalp care market is experiencing explosive growth, expanding at a rate of 190% and reaching a scale of over 33 billion RMB. Faced with evolving consumer demands and their diverse needs for scalp health, simply focusing on 'cleansing' is no longer enough to satisfy their desire for a premium experience. This series, developed through a decade of research in partnership with five global labs and tested by more than 200 dermatologists, reportedly features a revolutionary "cellular-level hair care technology matrix." It's designed to address the core issues of oiliness, dandru, and sensitivity, helping to build a healthy scalp environment. Thus, the CLEAR SCALPCEUTicalS PRO RANGE, built upon three patented technologies, now introduced five targeted products: The Selenium Disulfide Anti-Dandruff Shampoo incorporates Unilever's proprietary Selenium Disulfide PRO Technology, which strengthens the protein "skeleton" and "outer walls" of barrier cells to eliminate and prevent dandruff at its root cause, clearing 99% of flakes in just one wash, and correcting oiliness, dandruff), and itch in 4 weeks. The Scalp Massage Essence helps repair the scalp barrier and create an invisible shield against dandruff. For recurrent dandruff issues, the Anti-Dandruff Conditioning Shampoo utilizes Piroctone Olamine Technology to not only inhibit and fight dandruff but also to improve the scalp environment, boosting dandruff resistance by 500%. Beyond breakthroughs in dandruff control, CLEAR has launched its first clinically proven Oil Control Shampoo to address excessive sebum secretion. A third-party study involving 34 consumers with severe dandruff shows statistically significant agreement in self-assessments after 4 weeks' use of CLEAR Selenium Disulfide Anti theDandruff Shampoo. Individual results may vary. Itch refers to scalp itch caused by dandruff. Piroctone Olamines Unilever internal testing shows that after 4 weeks of continuous use of CLEAR Control Shampoo, instrumental measurements indicated a significant reduction in scalp oil compared to before use. Individual results may vary. Individual results may vary. Correcting oiliness, dandruff and itch in 4 weeks: A third-party study involving34 consumers with severe dandruff show statistically significant agreement in self- assessments after 4 weeks' using CLEAR Selenium Disulfides Anti-Dandruff Sh shampoo. Individual results may vary; Itch refers to scalp itch causing by dandruff. Pipctone Olamine: Piroctone Olamin: Piroctone Olimine: PiroctoneOlamine: Piroct one Olamine; Boosting dandruff resistance by 500%: Unilever internal testing showsthat after 4 weeks' use of ClearAR Selenium Disulfide anti-Dandruff Shampoo. Announcement • May 03
Unilever PLC Elects Zoe Yujnovich as Director Unilever PLC at its AGM held on April 30, 2025, elected Zoe Yujnovich as a Director. Declared Dividend • Apr 27
Fourth quarter dividend of UK£0.39 announced Shareholders will receive a dividend of UK£0.39. Ex-date: 15th May 2025 Payment date: 13th June 2025 Dividend yield will be 3.2%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (78% earnings payout ratio) and cash flows (56% cash payout ratio). The dividend has increased by an average of 4.1% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Apr 02
Paulig Oy completed the acquisition of Conimex from Unilever PLC (LSE:ULVR). Paulig Oy agreed to acquire Conimex from Unilever PLC (LSE:ULVR) on December 18, 2024. The closing of the acquisition is subject to merger control clearance by the Dutch competition authority. DLA Piper UK LLP acted as legal advisor to Unilever PLC.
Paulig Oy completed the acquisition of Conimex from Unilever PLC (LSE:ULVR) on April 1, 2025. Announcement • Apr 01
Unilever PLC (LSE:ULVR) acquired Wild Cosmetics Limited. Unilever PLC (LSE:ULVR) acquired Wild Cosmetics Limited in March 2025.
Unilever PLC (LSE:ULVR) completed the acquisition of Wild Cosmetics Limited in March 2025. Announcement • Mar 21
Vivera Holding B.V. signed a letter of intent to acquire The Vegetarian Butcher B.V. Vivera Holding B.V. signed a letter of intent to acquire The Vegetarian Butcher B.V. on March 20, 2025. The binding offer is subject to the usual closing conditions, regulatory requirements, and consultation processes. Completion is expected by Q3 2025. Reported Earnings • Mar 16
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €2.30 (down from €2.58 in FY 2023). Revenue: €60.8b (up 1.9% from FY 2023). Net income: €5.74b (down 12% from FY 2023). Profit margin: 9.5% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Feb 15
Fourth quarter dividend of UK£0.38 announced Shareholders will receive a dividend of UK£0.38. Ex-date: 27th February 2025 Payment date: 28th March 2025 Dividend yield will be 3.4%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 3.2% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 14
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: €2.30 (down from €2.58 in FY 2023). Revenue: €60.8b (up 1.9% from FY 2023). Net income: €5.74b (down 12% from FY 2023). Profit margin: 9.5% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Personal Products industry in the United Kingdom. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Announcement • Feb 13
Unilever PLC (LSE:ULVR) announces an Equity Buyback for £1,500 million worth of its shares. Unilever PLC (LSE:ULVR) announces a share repurchase program. Under the program, the company will repurchase up to €1,500 million worth of its shares. The purpose of program is to reduce capital of the company. The repurchase program will be valid till June 6, 2025. Announcement • Feb 07
Unilever PLC Announces Board Changes Unilever PLC announced that Zoe Yujnovich has been appointed as an independent Non-Executive Director. Zoe will join the Unilever Board with effect from 1 March 2025. Zoe is Shell's Integrated Gas and Upstream Director and has held various senior management positions across Shell since joining in 2014. Prior to joining Shell, Zoe spent almost two decades in Rio Tinto, including as President and CEO of the Iron Ore Company of Canada. Zoe brings deep experience of fast paced transformations at scale across global businesses. She has an extensive network and experience in engaging with governments, regulators and civil society stakeholders across the world. Zoe Yujnovich will also join the Nominating and Corporate Governance Committee and Corporate Responsibility Committee effective as at 1 March 2025. Non-Executive Director Andrea Jung has decided not to stand for re-election at the 2025 AGM. Announcement • Feb 06
Unilever PLC, Annual General Meeting, Apr 30, 2025 Unilever PLC, Annual General Meeting, Apr 30, 2025. Announcement • Dec 20
Unilever PLC to Report Q2, 2025 Results on Jul 31, 2025 Unilever PLC announced that they will report Q2, 2025 results on Jul 31, 2025 Announcement • Dec 10
Unilever PLC Announces Executive Changes, Effective 1 January 2025 Unilever PLC announced organisational changes to the Unilever Leadership Executive (ULE) in order to bring further focus and simplification to the leadership structure, in support of Unilever's strategic agenda under the "Growth Action Plan 2030" ("GAP 2030"). Reginaldo Ecclissato, currently Chief Business Operations and Supply Chain Officer, has been appointed President One Unilever Markets and will report to the Chief Executive Officer. As a result Fernando Fernandez, Chief Financial Officer (CFO), will take responsibility for a number of operational activities, including supply chain and procurement, digital and technology and business services. Willem Uijen, currently Chief Procurement Officer, has been appointed to the role of Chief Supply Chain Officer reporting to the CFO. The new operating model and organisational changes will be effective from 1 January 2025. Announcement • Nov 16
Unilever Reportedly Eyes Sale of Dutch Brands Unox, Conimex in Turnaround Strategy Unilever PLC (LSE:ULVR) is exploring the sale of some of its Dutch food brands, three sources with knowledge of the process said, as part of a turnaround strategy led by CEO Hein Schumacher to focus on its biggest "power" labels. Unilever has lined up ABN Amro to conduct a sale of some of the Dutch food brands, including Unox soups and Conimex seasonings, according to the sources, who spoke on the condition of anonymity because the talks were private. The brands have been deemed non-core to Unilever, the sources said, with one adding that the Dutch brands for sale have profits of about EUR 40 million ($42.16 million). Unilever is also trying to sell smaller food brands in Britain and other countries in Europe, this source and a second source said. The company declined to comment. An ABN Amro spokesperson declined to comment. Unilever, home to about 400 brands worldwide, has over the past year been trying to recalibrate its operations to focus more on marketing its top 30 "power" brands and streamlining its business, particularly in Europe. In March, Unilever said it would spin off its ice cream unit, home to brands such as Magnum and Ben & Jerry's. Its restructuring under Schumacher, who previously ran Dutch dairy firm FrieslandCampina, has been generally well-received by investors, including activist Nelson Peltz who took a seat on Unilever's board in 2022. Former CEO Alan Jope, who departed Unilever soon after Peltz's stake was revealed, was criticised for allowing the group's portfolio to balloon, leaving management with too little time to grow strong performers like Knorr, Hellmann's and Dove. Schumacher told Reuters in February that Peltz's views were "very much in line" with Unilever's growth strategy. This involves investing more in its top 30 brands that represent more than 70% of sales, supporting its innovation pipeline for the next few years and working towards a better operating discipline, he said. 
