The Indian arm of the consumer goods group Unilever says it will change the name of its skin-lightening cosmetics range Fair & Lovely and stop using terms such as “whitening” in its marketing, but will continue selling the popular product which makes $500 million for the company each year. The new name...
India to Become Unilever's Largest Global Market
U.K.-headquartered Anglo-Dutch company Unilever is bullish on India's conusmer market. Sanjiv Mehta, chairman and managing director, Hindustan Unilever Ltd., said, "For Unilever, India is currently the largest market in volume terms and the second largest in value terms, and in the very near future we clearly see a day when...
In 2018 M&As Lead $100-Bn Plus Deals in India
2018 proved to be a robust year for mergers and acquisitions for Indian corporations. Powered by the Insolvency and Bankruptcy Code and an extremely competitive atmosphere in the mobile and e-commerce space, dealmaking crossed $100 billion for the first time ever. As the government pushed for resolutions, there was a...
Unilever's India Unit to Become its Largest by Sales
Hindustan Unilever Ltd., the Indian arm of Anglo-Dutch consumer group Unilever Plc., reported an 18 percent rise in quarterly profit, beating estimates, helped by a revival in consumer spending and lower raw material cost. India is on track to become the global consumer giant's largest market by sales, overtaking the...