P&G sales dive to its lowest in 7 quarters, but profit beats expectations

The strengthening of the US dollar has been hitting Procter & Gamble hard as the company reported its biggest sales drop in seven quarters. The company also cited weak demand especially in the overseas market as the reason behind the low sales performance.

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P&G to sell soap brands Camay and Zest to Unilever

Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.

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Lifesum receives investment from Bauer Media Group and SparkLabs Global Ventures

Startup Lifesum has taken in investment from Bauer Media Group and SparkLabs Global Ventures valued USD6.7 million, reported Bloomberg.

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German broadcaster ProSiebenSat.1 picks up minority stake in Collective Digital Studio

Unterfohring, Germany-based mass media broadcasting firm ProSiebenSat.1 picked up a minority stake in Beverly Hills, US-based multichannel network Collective Digital Studio (CDS) for an undisclosed amount for expansion purposes.

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Philippine firm RFM acquires Royal brand from Unilever in $47.8M deal

Philippine-based food and beverage manufacturer RFM Corp bought the Royal brand and pasta business from UK-based firm Unilever Group in a deal valued at approximately $47.8 million (PHP2.1 billion).

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Multinational companies line up to hike stakes in Indian subsidiaries -India Times

The Reserve Bank of India recently announced that multinational companies can hike their stakes in Indian arms without its approval. Many MNCs are now looking to increase their stakes, go for a merger or de-list their local units.

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Emerging market slowdown to remain until economic reforms address new market conditions - Unilever chief Polman

Unilever attributes its declining sales to the slowdown in emerging markets, and Chief Executive Officer Paul Polman urges countries in these markets to create structured economic policies real soon.

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Unilever Increases Stake by 67% in Indian unit

Unilever announced increased in stake holdings for Hindustan Unilever, the company’s Indian unit, for Eur2.45 billion.

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No 75% Control of Hindustan Unilever, Investors Rather Hold On to Stocks

Unilever was unable to raise its holding in Hindustan Unilever Ltd (HUVR) to its goal of 75%.

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