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In April 2011, P&G was fined €211.2 million by the European Commission for establishing a price-fixing cartel for washing powder in Europe along with Unilever, which was fined €104 million, and Henkel. Though the fine was set higher at first, it was discounted by 10% after P&G and Unilever admitted running the cartel.
Unilever. Unilever PLC is a British multinational fast-moving consumer goods company founded on 2 September 1929 following the merger of British soap maker Lever Brothers and Dutch margarine producer Margarine Unie. It is headquartered in London . The company's products include baby food, beauty products, bottled water, breakfast cereals ...
It was reported in 2012 by Euromonitor International that while sales of butter and spreadable oil fell, margarine sales increased by 1.1 percent, but sales of I Can't Believe It's Not Butter fell by 3.9 percent. 7 percent of sales at Unilever consists of spreads, with a significant amount consisting of butter substitutes, the sales of which ...
Hellmann's – mayonnaise, ketchups, mustard, sauces, salad dressings. Hera – margarine for cooking bakeries (Czech Republic, Slovakia) Jawara – hot sauce (Indonesia) Kasia – margarine for cooking bakeries (Poland) Kecap Bango – sweet soy sauce in Indonesia. Kissan – ketchups, squashes and jams (India) Klondike.
The brands in the sale represented about 7% of Unilever's global business. [8] In January 2020 they purchased Violife, a brand of plant-based cheese. [9] Following falling margarine sales as consumers switched to butter, since summer 2020 the company focused more on the "plant-based" market, also claiming sustainability, to increase sales. [10]
LIPTON Teas and Infusions is a privately held company based in Amsterdam, Netherlands, that produces tea and other herbal drinks. Initially formed in 2020 as a distinct division named Ekaterra within Unilever, private equity firm CVC Capital Partners reached an agreement in November 2021 to purchase the business for €4.5 billion. [ 2]
Groupon, from group and coupon; Ideanomics, from idea and economics; Imagineering, from Imagine (or Imagination) and Engineering; LATAM, from Lan Airlines and TAM Airlines; Lenovo, from Legend and "novo" (Latin ablative for "new") Medi-Cal, California's name for their Medicaid program, from medical and California; Medicaid, from medicine ...
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