Unilever PLC Sponsored ADR Stock News

Ben Cohen launches long-shot bid to buy back ice cream brand he created with Jerry Greenfield in 1978.

Unilever PLC (LSE:ULVR) has acquired Wild, the refillable natural deodorant brand, in a deal believed to value the company at around £230 million. It is widely reported the transaction has earned its co-founders, Charlie Bowes-Lyon and Freddy Ward, a combined sum close to £100 million, though financial terms have not been officially disclosed.

Citi has trimmed its near-term forecasts for Unilever PLC (LSE:ULVR), warning that the consumer goods giant faces a sluggish first half, but it maintains the long-term investment case remains intact. The US bank now expects first-quarter organic sales growth (OSG) of 2.5%, down 40 basis points, citing weak demand in developed markets and a subdued pricing environment in South-East Asia.

Unilever said on Thursday it will sell its plant-based meat brand The Vegetarian Butcher to Netherlands-based Vivera.

Ben & Jerry's accused its parent company, Unilever, of ousting its CEO, court documents show. Ben & Jerry's suit against Unilever, which is ongoing, accused it in a new filing of silencing activism.

Ben & Jerry's said its parent, Unilever, decided to oust the ice cream maker's chief executive, Dave Stever, escalating a battle over the subsidiary's independence on social policy issues.

Ben & Jerry's is taking aim at its parent company arguing that Unilever ousted CEO David Stever in retaliation of his social and political activism not for his performance.

Ben & Jerry's alleged that Unilever's control over its posts on progressive issues had hit “new levels of oppressiveness.”