Lockdowns lower personal grooming standards, says Unilever [FT.com - Mergermarket]
Unilever PLC American Depositary Shares (each representing One Ordinary Share) (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: FT.com - Mergermarket
April 23, 2020Print this pageBe the first to know about every new storyAs large numbers of people work from home, they are washing their hair less often, putting off shaving and even abandoning deodorant.Graham Pitkethly, Unilever’s chief financial officer, said about a quarter of personal care — such as hair washing, hairstyling and use of skincare products and deodorants — related to people preparing to go to work or school. working was leading to a decline in demand for products including razors, shampoo and deodorant.In results issued on Thursday, the Anglo-Dutch company said lockdowns had affected its haircare portfolio in and India, while skincare sales were also down.Unilever makes products including Dove soap, Lynx and Sure deodorants and Toni & Guy haircare and styling products, as well as Ben & Jerry’s ice cream.Mr Pitkethly expected changes in consumer behaviour to persist after lockdowns ended and said the business was adapting.He said Unilever believed people were likel
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News
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- Unilever (NYSE:UL) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
UL
Sec Filings
- 1/8/26 - Form 6-K/A
- 1/2/26 - Form 6-K
- 12/15/25 - Form 6-K
- UL's page on the SEC website