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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.
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BUSINESS
May 3, 1989 | From Reuters
Cosmetics giant Avon Products Inc. today disclosed that corporate raider Irwin Jacobs and door-to-door home products seller Amway Corp. together bought 10% of its stock, but Avon said it is not for sale. Avon stock jumped $4.875 to $37 in initial trading after the news was announced. Avon refused any further comment on widely circulated market rumors that Jacobs and Amway have made a buyout proposal. The company said only that it "has been notified" that the partnership owns their stock, but Avon would not say who approached the company.
BUSINESS
December 4, 2003 | From Reuters
Putnam Investments and Janus Capital Group Inc., two mutual fund companies that were implicated early on in the industry scandal, suffered new blows as some big clients defected. Boston-based Putnam said Wednesday that it had been fired by Anglo-Dutch consumer goods giant Unilever from managing part of the firm's British pension fund. Separately, DuPont Co. said its employees would not be able to put new money into retirement accounts managed by Denver-based Janus.
BUSINESS
September 7, 1999 | JAMES F. PELTZ, TIMES STAFF WRITER
Companies don't come much more complicated than Unilever. The food and household-products titan sells $5.5 million of Ragu pasta sauce, Aim toothpaste, Lipton tea, Wisk detergent, Lawry's seasonings and hundreds of other products every hour worldwide, or $48 billion a year. It has two parent companies, one British and one Dutch. It has two stocks trading on U.S. exchanges alone and two co-chairmen of the board. But Unilever knows that to get shelf space in stores today, complexity won't cut it.
BUSINESS
February 11, 1989 | JESUS SANCHEZ, Times Staff Writer
Faberge Inc. said Friday that it has agreed to sell its beauty products and toiletries businesses--which include the Elizabeth Arden, Brut and Aqua Net lines--to international consumer products giant Unilever Group for $1.55 billion in cash. The deal is another in a long line of acquisitions in the cosmetics industry and one that would give Unilever, a British-Dutch company, a much greater presence in the United States.
BUSINESS
July 14, 1989 | JESUS SANCHEZ, Times Staff Writer
Consumer products giant Unilever Group on Thursday agreed to buy the personal care lines of Faberge--which include Elizabeth Arden, Brut and Aqua Net--for $1.55 billion. The agreement revives a similar deal between the companies that fell apart three months ago. The proposed acquisition also would be the latest in a string of beauty product purchases by Unilever, a British-Dutch company that makes everything from Lipton Tea to Wisk detergent.
BUSINESS
July 16, 1998 | Reuters
Unilever said it has agreed to sell its Plant Breeding International unit to Monsanto Co. for $524 million in cash, the latest deal by St. Louis-based Monsanto to expand in the lucrative seed business. PBI produces and sells crop varieties worldwide and has significant breeding programs for winter wheat, barley, rapeseed oil, beans, peas and potatoes.
BUSINESS
November 8, 1996 | Times Staff and Wire Reports
A Unilever subsidiary settled Federal Trade Commission charges alleging that its Promise margarine advertisements--featuring the "Get Heart Smart" slogan and heart-shaped pats of Promise on food--misled consumers about the health benefits of the spread. The FTC said the ads implied eating Promise margarine and spreads helps reduce the risk of heart disease.
BUSINESS
March 30, 2000 | From Reuters
Ice cream maker Ben & Jerry's Homemade Inc., whose clever flavor names and socially responsible business style launched a cult following, could be going private--perhaps without Jerry. The maker of the Cherry Garcia and Chunky Monkey flavors confirmed Wednesday that it has held talks that could result in the firm going private in a deal involving Anglo-Dutch food and consumer products firm Unilever.
BUSINESS
June 24, 2003 | From Bloomberg News
Unilever, the world's largest maker of food and soap, trimmed its full-year sales forecast after revenue failed to pick up in the second quarter. The stock posted its biggest drop in three years. The British-Dutch company expects sales of its 400 top brands such as Knorr soup to grow about 4% this year, down from its previous expectation of 5% to 6%, Unilever said. Earnings still should rise by at least 10% for the year, the company said.
BUSINESS
November 21, 2001 | Associated Press
The maker of Dove soap and Ben & Jerry's ice cream appears set to become the first foreign company listed on a Chinese stock exchange, the state-run China Daily said. Unilever is one of eight non-Chinese companies that have applied to list shares, the report said. Most the others are based in Taiwan or Hong Kong. China recently has changed its regulations to make it easier for companies based outside the mainland to list on its twin stock exchanges in Shanghai and Shenzhen.
BUSINESS
September 7, 2001 | Associated Press
Procter & Gamble Co. and Unilever said they reached a settlement of P&G's admission that it had improperly obtained competitive information about its rival in the hair-care business. The companies declined to reveal any terms of the deal, which ended an embarrassing and probably expensive admission by P&G. According to published reports, terms could have involved a payment from P&G of at least $10 million to Unilever.
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.
BUSINESS
November 1, 2000 | Associated Press
Anglo-Dutch consumer goods company Unilever has agreed to sell its Elizabeth Arden perfumes business for $225 million as part of its effort to shed operations that do not meet its strategic needs. Unilever, whose brands include Pepsodent toothpaste, Lipton tea and Ragu spaghetti sauce, said it has reached the deal with FFI Fragrances, a perfume-maker based in Miami Lakes, Fla.
BUSINESS
September 29, 2000 | Associated Press
European regulators cleared a $20-billion deal under which consumer goods giant Unilever would purchase Bestfoods, creating the world's biggest food company. The European Commission imposed several conditions on the deal, including the sale of a significant number of brands such as Lesieur, Royco and Oxo. Without the divestments, the acquisition would have produced competition problems in the food service sector in Scandinavia, Ireland and Britain, the commission said.
BUSINESS
May 5, 2000 | Reuters
Unilever lifted the deadline on its unsolicited bid for Bestfoods and said it's ready to meet with the target company's board to negotiate a deal. The Anglo Dutch food and consumer products company had set a deadline of close of U.S. business Thursday for a response to its $18.41-billion cash offer for Bestfoods, after the U.S. group rejected the bid. "We've already responded to their offer. Our board of directors has unanimously rejected it.
BUSINESS
September 5, 2000 | Bloomberg News
Unilever Co-Chairman Antony Burgmans said he expects to sell only a "minority" of brands being eliminated by the largest maker of food and consumer goods as it focuses on its 400 leading product lines. The maker of Lipton tea and Dove soaps has been approached by banks and buyers interested in some of the 1,200 brands being scrapped, though most will be rebranded under better-known names or discontinued, Burgmans said. "We need to get the cash value out," Burgmans said.
BUSINESS
May 5, 2000 | Reuters
Unilever lifted the deadline on its unsolicited bid for Bestfoods and said it's ready to meet with the target company's board to negotiate a deal. The Anglo Dutch food and consumer products company had set a deadline of close of U.S. business Thursday for a response to its $18.41-billion cash offer for Bestfoods, after the U.S. group rejected the bid. "We've already responded to their offer. Our board of directors has unanimously rejected it.
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