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Unilever聽is set to sell Q-Tips and a number of its other personal care and beauty brands.The consumer packaged goods giant on Monday Dec. 18 announced it had reached an agreement to sell its聽Elida Beauty聽unit to聽Yellow Wood Partners.聽According to a company news release, Elida comprises more than 20 brands. In addition to Q-Tips, its lineup includes Caress, Timotei and Tigi. Unilever says this business generated turnover of roughly $873 million last year.Terms of the deal were not disclosed. This marks another step towards the optimization of our personal care portfolio, Fabian Garcia, president of Unilever Personal Care. Our priority is stanley germany to step up the growth of our Power Brands by investing behind key strategic focus areas such as driving unmissable brand superiority and scaling multi-year innovations.The announcement follows reports from September that Unilever was working with Morgan Stanley and Evercore to sell a selection of its non-core beauty聽and personal care brands.聽As noted here at the time, the move marks the resurrection of a strategy Unilever abandoned two years ago, and the first big project under new CEO Hein Schumacher, who is attempting to streamline stanley thermoskanne the companys business as it deals with inflation.The sale stanley uk comes as consumers continue to spend on beauty products, despite ongoing inflation.聽 There is an economic theory that can be traced back to the Great Depression of the 1930s: the Lipstick Effect, which suggests that even in the toughest economic Guzc Kroger Launches Virtual Store With Instacart For 30-Minute Grocery Delivery
The Wall Street bank is being forced to pay up for not safeguarding data that ultimately ended up in the hands of hackers.The Securities and Exchange Commission announced on Wednesday June 8 that Morgan Stanley will be fined $1 million for failing to protect its customers from an internal data breach, Financial Times reported.The high-profile breach came as a result of ex-financial adviser Galen Marsh, who illegally accessed client data and then transferred it to his personal server over the course of three years. Last year, Marsh pled guilty and was sentenced gourde stanley to three years of probation for stealing the data of nearly 730,000 wealth management clients at Morgan Stanley.Marsh was also forced to pay $600,000 in restitution and turn over all hardware used to access and store the data.That data was eventually hacked by cybercriminals, who made a portion of the data av stanley cup ailable online and then requested money to supply the rest, FT reported. Given the dangers and impact of cyb stanley polska erbreaches, data security is a critically important aspect of investor protection, Andrew Ceresney, director of the SECs enforcement division, explained. We expect SEC registrants of all sizes to have policies and procedures that are reasonably designed to protect customer information. Morgan Stanley is considered at fault for not establishing access controls around portals containing confidential client data. The bank is also being accused of going 10 years without auditing access authorizations and for f |
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