Unilever unveils ambitious 5-prong plan to drive 3-5% sales growth in coming years Investors appear skeptical of Unilever’s ambitious five-prong plan to drive sales growth of 3-5% in the coming years after it saw only a 1.9% increase in sales in 2020 and a 5.8% decline in underlying profits in a year when many CPG companies saw significantly higher sales and profits spurred by consumer fear of COVID-19.
After the company announced last Thursday during a call with analysts about its fourth quarter and full year earnings for 2020 that it was confidently restoring its sales growth target of 3-5%, which it pulled in April due to pandemic-related uncertainty, investors fell back – causing the company’ shares to fall 4% overnight.
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Leading Canadian organic baby food brand Baby Gourmet is eager to expand its manufacturing capacity and bring its organic meals and snacks for babies and toddlers into the US after joining Hero Group’s “goodness of nature” portfolio, which also includes Beech-Nut and several other international brands.
The sale of a majority share of Baby Gourmet to Hero Group for an undisclosed amount also gives the new Switzerland-based owner a toe-hold in Canada with which it can learn about the market and potentially bring its other brands.
Baby Gourmet co-founder and CEO Jennifer Carlson told FoodNavigator-USA that Hero Group is the
KIND Snacks updates packaging to reflect America’s diversity, donates to support racial equality Black Lives Matter supporters may not be taking to the streets or grabbing headlines as often as they were last summer, but the social and racial injustices that drove them their persist, which is why KIND Healthy Snacks is deepening its commitment to address long-standing inequalities and systemic racism.
Among the company’s many commitments announced yesterday to help level the playing field for Black, Indigenous and People of Color is a seemingly small change that could have an outsized impact on the youngest generation – a decision to adjust its KIND Kids packaging to be more inclusive and reflect America’s diversity.