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Consumer Staples Household and Personal Products

  • NEW YORK— Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a $143 billion takeover offer. The deal would have combined Kraft Heinz products such as Oscar Mayer, Jell-O and Velveeta with Unilever's stable of brands, which include food as well as other consumer goods like Dove soap and...

  • NEW YORK— Kraft Heinz's $143 billion offer to buy Unilever was spurned, but the ketchup, cheese and lunch meat maker is still hungry to expand its domain. Given Unilever's stable of personal care products such as Dove soap, Bernstein analyst Ali Dibadj said the offer signaled that Kraft Heinz is potentially open to acquiring other packaged consumer goods, not...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever Plc in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson...

  • LONDON, Feb 17- U.S. food company Kraft Heinz Co made a surprise $143 billion offer for Unilever in a bid to build a global consumer goods giant, although it was flatly rejected on Friday by the maker of Lipton tea and Dove soap. A combination would be the third-biggest takeover in history and the largest acquisition of a UK- based company, according to Thomson Reuters...

  • JOHANNESBURG, Feb 16- South African retailer Woolworths Holdings aims to double its share of the country's beauty products market in three years, its chief executive said, as the group reported a drop in half-year profit. Woolworths, an upmarket retailer which sells mostly clothing and food in South Africa, has only a 3 percent market share in cosmetics but its...

  • Feb 15- Procter& Gamble Co, maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. Bernstein Research said in January 2016...

  • Feb 15- Procter& Gamble Co, maker of Tide detergent and Gillette razors, will face ever greater pressure to slice costs and slow-growing divisions now that activist investor Trian Partners is a major shareholder. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. Bernstein Research said in January 2016...

  • Feb 14- Trian Fund Management LP on Tuesday disclosed that it bought a $3.5 billion stake in Procter& Gamble Co, making it the second activist shareholder to take aim at the consumer products giant in the last five years. Cincinnati, Ohio- based P&G, maker of Tide detergent, Gillette razors and Crest toothpaste, is a $225 billion behemoth whose stock price has hardly...

  • Enfimil infant formula, made by Mead Johnson Nutrition Co., sits on display in a supermarket in New York, U.S.

    Reckitt Benckiser has agreed to buy U.S. baby formula maker Mead Johnson Nutrition.

  • FRANKFURT, Feb 8- Adyen, one of Europe's biggest fintech companies, reported an 80 percent jump in 2016 payment transaction volumes to $90 billion powered by some of the world's biggest online players and expansion in Asia and the Americas. More than 1,400 stores in Europe and the United States now use its point-of-sale systems, with clients including fashion...

  • Jan 23- Consumer goods packaging company Silgan Holdings Inc said it would buy WestRock Co's business that makes soap dispensers and perfume sprayers for about $1 billion. The unit, which has 13 plants in North America, Europe, South America and Asia, generated $566 million in revenue in the year ended Sept. 30. Norcross, Georgia- based WestRock said the sale would...

  • PARIS, Jan 23- French cosmetics giant L'Oreal said on Monday it had chosen to invest in five tech start-up firms in the beauty products sector along with partner Founders Factory, as L'Oreal steps up its ventures in this area. In 2012, L'Oreal set up an internal start-up unit in Silicon Valley and in May last year it invested in Founders Factory, a digital incubator,...

  • The headquarters of Valeant Pharmaceuticals International in Laval, Quebec.

    Valeant Pharmaceuticals said that the sale's proceeds will be used to pay down debt.

  • Jan 10- U.S. stock index futures were little changed on Tuesday as investors wait for the quarterly corporate earnings season, with Wall Street at record levels. *Wall Street has been on a record-breaking surge since the Nov. 8 election of Trump, who has pledged tax cuts, lighter regulation and fiscal stimulus. JPMorgan, Bank of America and Wells Fargo reporting...

  • Dec 22- Prestige Brands Holdings Inc, which distributes household and cleaning products in U.S. and Canada, said it would buy women's healthcare products maker C.B. Fleet Co for $825 million in cash from private equity firm Gryphon Investors. Founded in 1869, Fleet's products include constipation relief product Pedia-Lax, anti-gas medication Phazyme and has...

  • Yankee Candle's Luminous Collection candle

    Yankee Candle is recalling around 31,000 of its "Luminous Collection" candles, saying a glass jar is a laceration hazard.

  • FRANKFURT, Nov 18- U.S. packaging group Westrock has put a unit making soap dispensers and perfume sprayers up for sale in a potential $1 billion deal, as it seeks to streamline its portfolio after a recent merger, three people close to the matter said. The Westrock unit- dubbed a home, health and beauty business- posted earnings before interest, taxes, depreciation...

  • The company's stock fell as much as 15.6 percent to $18.48 on Wednesday, a day after the U.S election, its lowest level since January last year. "People are not necessarily fully focused on the business... they are in transition... helping out on the integration of the business so those have caused distractions and caused us to lose momentum in the business," Coty...

  • Recent change in management teams at the company's headquarters, regions and countries, have contributed to a decline in Coty's stand-alone revenue and profit in the first quarter, Chairman Bart Becht said. In the year-earlier quarter, the company reported a net income of $125.7 million, or 34 cents per share. Net revenue fell to $1.08 billion from $1.11 billion.