Hotline: 1800 102 2007
X
Search Business Opportunities
Jun, 05 2018

Hindustan Unilever to combine foods division with refreshments

HUL’s food business includes Knorr soup and Kissan Jam and its refreshment brands include Bru coffee, Lipton tea and Magnum ice-cream.

The country's largest consumer goods firm, Hindustan Unilever has decided to combine its foods and refreshments business into one division effective July, in line with the global category structure of parent Unilever.

Geetu Verma, existing executive director for foods will move to Rotterdam as global vice-president of nutrition and naturals platform in Unilever as a part of strategy. Sudhir Sitapati, currently the executive director, refreshments will head the combined segment, the company said in a statement to the stock exchange.

"This integration will help HUL increase organisational agility and better serve local consumers while harnessing the advantage of global scale," HUL statement said. The combined business accounts for nearly a fifth or Rs 6328 crore to HUL's overall sales.

HUL had split these divisions to have sharper focus in these high growing segments, nearly two years ago. In April last year, the Anglo-Dutch consumer giant announced restructuring its firm including buying back shares, combining its foods and refreshments businesses, reviewing the dual structure and disposing of its underperforming spreads business in the wake of a failed takeover approach for the multinational from Kraft Heinz.

HUL’s food business includes Knorr soup and Kissan Jam and its refreshment brands include Bru coffee, Lipton tea and Magnum ice-cream.

Geetu Verma, 50, joined HUL in 2011 after stints in other top FMCG firms such as P&G, Seagram, and PepsiCo in India and Europe. For Unilever, foods and refreshments have a 43% share in total sales and is headed by Nitin Paranjpe, who was the CEO at HUL five years ago.

Comment
Related opportunities
  • Bakery & Confectionary
    About Us: tylish & quaint, Sassy Teaspoon is the quintessential go-to..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Computer Hardware & IT
    About Us: Relops Services Pvt. Ltd. - Start a business in..
    Locations looking for expansion Haryana
    Establishment year 2014
    Franchising Launch Date 2015
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Faridabad Haryana
  • Casual dine Restaurants
    Café Udupi Ruchi, is a restaurant which will provide the..
    Locations looking for expansion Karnataka
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Rural District Karnataka
  • After School Activities
    About Us: Brightt kids began its journey from Pune and over..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities