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BUSINESS
September 27, 1985 | Associated Press
The U.S. subsidiary of Unilever said Thursday that it is raising to $60 per share its top offer for all of the common stock of Richardson-Vicks Inc., whose management has opposed the takeover bid. Unilever U.S. Inc., a unit of the giant Anglo-Dutch consumer products company, said it was boosting its previous top offer from $56 a share provided that the offer was approved by the Richardson-Vicks board.
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BUSINESS
August 12, 2013 | By Tiffany Hsu
Pinnacle Foods Inc., owner of brands such as Hungry Man dinners and Duncan Hines baking mixes, is buying the Wish-Bone salad dressing brands from Unilever for $580 million. The deal, funded by cash and new debt, comes as Unilever readjusts its priorities to beauty and health goods from food products. In January, the company, which is based in the Netherlands and Britain, sold its Skippy peanut butter brand to Spam maker Hormel Foods for $700 million. Now Pinnacle, which is based in Parsippany, N.J., will take on Wish-Bone as well as the Western brand of dressings.
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BUSINESS
January 27, 2009 | TIMES WIRE REPORTS
Unilever made its first foray into professional hair products by agreeing to buy the salon brands of TIGI from the creators of Toni & Guy hair salons for $411.5 million in cash. The purchase from stylists Bruno, Guy and Anthony Mascolo and their brother Toni doesn't include the Toni & Guy salon business, Unilever said. TIGI brands Bed Head, Catwalk and S-Factor will be added to Unilever personal care products including Dove, Axe for Men, Suave and Sunsilk.
BUSINESS
January 3, 2013 | By Tiffany Hsu
Lunch meat purveyor Hormel Foods is making a run at the supermarket's middle aisles, buying the Skippy peanut butter brand for about $700 million. The Austin, Minn., company, also known for its Spam canned ham, is acquiring Skippy from Unilever's U.S. operation, which also owns brands such as Vaseline and I Can't Believe It's Not Butter! Hormel, whose main strength is its domestic sales of Jennie-O, Farmer John and other lunch meats, is trying to expand its portfolio of products and boost its presence overseas.
BUSINESS
April 28, 2001 | Associated Press
Anglo-Dutch consumer products giant Unilever said it will slash 8,000 more jobs and close 30 plants as it integrates recently acquired Bestfoods into its operations. In addition, Unilever, the company behind such household names as Dove soap, Lipton tea, Vaseline and Pepsodent, reported a 4% decline in first-quarter operating profit to about $625 million, slightly better than analysts' forecasts. Revenue rose 20% to $17.6 billion.
OPINION
April 14, 2011 | By Nicole Gelinas
In the week and a half since the Chinese government detained artist Ai Weiwei on suspicion of "economic crimes," Western governments and the global arts community have condemned China's repression of free speech. Regular Americans, too, should care about China's habit of stifling information that it doesn't like to hear. China is applying the same habit to another type of speech, economic speech. And the results could hit Americans more directly — in the pocketbook. When China's arrest of Ai on April 3 at the Beijing airport became public, it made news in the West.
ENTERTAINMENT
November 24, 2004 | From Reuters
"Sex and the City" star Sarah Jessica Parker's fashion sense raised the ire of some Israelis who demanded that billboards featuring the actress in a skimpy dress be covered up. Photos of Parker lying in a skin-revealing, spaghetti-strap gown were pasted on billboards across Israel promoting Lux soap. But ultra-Orthodox Jews took offense at the sight of her arms, back, shoulders and thigh.
BUSINESS
October 24, 2002 | Melinda Fulmer, Times Staff Writer
Dreyer's Grand Ice Cream Inc., the nation's largest ice cream company, said Wednesday that third-quarter net income surged 71% as it distributed more ice cream for competitors and paid less for ingredients. The Oakland-based company, which is being acquired by Nestle's Glendale-based Nestle Holdings division, said it earned $10.33 million, or 27 cents a share, for the three months ended Sept. 28, up from $6.05 million, or 17 cents, a year earlier. Sales rose 6.1% to $383.6 million from $361.
BUSINESS
August 5, 2000 | Bloomberg News
Consumer goods giant Unilever said second-quarter earnings rose 7% to about $695 million, on a 3% increase in sales to $9.86 billion, bolstered by the acquisitions of Ben & Jerry's ice cream and SlimFast diet foods. The Dutch company, whose many brands include Bestfoods, Lipton, Dove and Elizabeth Arden, also said it will realign management into two global divisions, one for food and one for soaps and household products.
BUSINESS
January 11, 1989 | From Reuters
Faberge Inc. said Tuesday it is in preliminary talks to sell its toiletries, cosmetics and fragrances businesses to consumer products giant Unilever NV, a deal that analysts said would be worth more than $1 billion. New York-based Faberge, owned by the E-II Holdings Inc., makes various cosmetic products, including Aquanet hair spray, Babe perfume and Brut cologne. The company, with $1.1 billion in 1987 sales, also owns Elizabeth Arden cosmetics, which is included in the deal.
ENTERTAINMENT
June 14, 2012 | By Ben Fritz
Microsoft Corp.'s Xbox 360 video game console will launch interactive ads on TV this fall in a bid to steal more business away from television networks. The tech giant has signed Toyota, Unilever and Samsung Mobile to its offering, called NUads, which will debut this fall. People who use the Xbox to watch video via apps from Microsoft partners -- including ESPN, TMZ, NBC News and the UFC -- will see the new ad formats. In their first iteration, the NUads will let users vote in response to questions asked in the ads. Toyota's spots, for instance, will ask users what other devices they would like to see "reinvented" the way the company has "reinvented" some of its auto models.
OPINION
April 14, 2011 | By Nicole Gelinas
In the week and a half since the Chinese government detained artist Ai Weiwei on suspicion of "economic crimes," Western governments and the global arts community have condemned China's repression of free speech. Regular Americans, too, should care about China's habit of stifling information that it doesn't like to hear. China is applying the same habit to another type of speech, economic speech. And the results could hit Americans more directly — in the pocketbook. When China's arrest of Ai on April 3 at the Beijing airport became public, it made news in the West.
BUSINESS
January 27, 2009 | TIMES WIRE REPORTS
Unilever made its first foray into professional hair products by agreeing to buy the salon brands of TIGI from the creators of Toni & Guy hair salons for $411.5 million in cash. The purchase from stylists Bruno, Guy and Anthony Mascolo and their brother Toni doesn't include the Toni & Guy salon business, Unilever said. TIGI brands Bed Head, Catwalk and S-Factor will be added to Unilever personal care products including Dove, Axe for Men, Suave and Sunsilk.
BUSINESS
October 10, 2007 | Alana Semuels, Times Staff Writer
A consumer group accused Unilever of hypocrisy Tuesday for running conflicting advertising campaigns -- one for Dove that praises women and their natural beauty and one for Axe that the group said "blatantly objectifies and degrades" them. The Campaign for a Commercial-Free Childhood launched a letter-writing effort on its website and demanded that the company pull ads for the Axe line of grooming products for men, which one online pitch says makes "nice girls turn naughty."
BUSINESS
August 3, 2007 | From Reuters
Unilever, the world's third-biggest food and consumer goods company, unveiled plans Thursday to cut 20,000 jobs and sell slow-growing businesses to speed up its recovery and fight surging food costs. Shares in the Anglo-Dutch group, which has 400-plus brands including Dove soap, Knorr soups and Sunsilk shampoo, jumped as much as 8.4% on hopes it was finally coming to grips with reversing years of underperformance.
BUSINESS
August 29, 2006 | From the Associated Press
Consumer products maker Unilever said Monday that it had reached a deal to sell the bulk of its European frozen food businesses, including the Iglo and Birds Eye brands, to private equity investor Permira Advisors for 1.73 billion euros, or about $2.2 billion. Chief Executive Patrick Cescau said Unilever was selling the businesses to focus on others it considers more central to its portfolio.
NEWS
April 22, 2004 | Booth Moore
Ending months of speculation, a successor has been named for Domenico De Sole, Gucci Group's chief executive and president and the financial whiz who helped designer Tom Ford build the company into a $3-billion powerhouse over the last 13 years. Robert Polet, a 48-year-old Dutch national, will join the firm after 26 years at Unilever, most recently as president of the worldwide ice cream and frozen foods division, a $7.
BUSINESS
December 25, 1985
Electronic Data Systems Corp. reported that it signed a facilities management contract with the London-based firm. It is considered to be the largest of its kind executed in Europe. Under terms of the contract, EDS will assume responsibility for the data-processing and communications services for the joint head offices of Unilever PLC in London and Unilever Netherland BV in Rotterdam.
BUSINESS
May 21, 2005 | From Associated Press
Coty Inc., one of the world's top perfume and cologne makers, said it was buying Unilever's fragrance business for $800 million. The acquisition would include Calvin Klein and other lines such as Vera Wang and Chloe. Privately held Coty, based in New York, is looking to rank among the five largest beauty products companies worldwide and said adding Unilever's business, with sales of more than $600 million last year, would help it reach that goal.
ENTERTAINMENT
November 24, 2004 | From Reuters
"Sex and the City" star Sarah Jessica Parker's fashion sense raised the ire of some Israelis who demanded that billboards featuring the actress in a skimpy dress be covered up. Photos of Parker lying in a skin-revealing, spaghetti-strap gown were pasted on billboards across Israel promoting Lux soap. But ultra-Orthodox Jews took offense at the sight of her arms, back, shoulders and thigh.
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