Consumer Products

Further price increases are a ‘distinct possibility,’ following the company’s record 12.5% hike during the third quarter, the company’s CFO says.

The maker of Dove soap and Ben & Jerry’s ice cream raised its full-year sales forecast after it pushed through record price increases in the third quarter.

The federal Consumer Product Safety Commission staff told the company last month that it intends to seek penalties over alleged safety failures, Peloton disclosed.

Laxman Narasimhan was a McKinsey and PepsiCo veteran before landing the top job at one of the world’s best-known consumer-product companies. During his three years at Reckitt, he reinvigorated the company’s once-flagging sales.

The coffee giant’s hiring of Laxman Narasimhan comes months after former head Howard Schultz temporarily took over to steer the chain through rising costs, a unionization push and challenges overseas.

A labeling change says polypropylene plastic can be marketed as widely recyclable, but data from the Environmental Protection Agency suggests a recycling rate of only 2.7%.

Veteran executive David Taylor is assuming a role as a senior operating adviser after more than 40 years at the consumer-products company.

The company traps waste gas and uses bacteria to turn it into sustainable chemicals and products for customers including Unilever and Coty.

Trian Partners has taken a stake in the maker of Ben & Jerry’s ice cream. The British company may prove a tougher nut to crack than Procter & Gamble.

Its quarterly sales rose 6%, led by health and cleaning products, with price increases accounting for half of the jump.

Unilever said it approached GlaxoSmithKline and Pfizer about a potential acquisition of their consumer-healthcare joint venture, a deal that would reshape the company’s portfolio as it is under pressure to accelerate growth.

From wine to sneakers, more consumer products are sporting labels touting their carbon-neutral credentials. How the labels will pay off with consumers remains to be seen.

A blank-check company backed by British billionaire Richard Branson’s Virgin Group is merging with natural-consumer-products seller Grove Collaborative to take it public in a deal the companies value at $1.5 billion.

The maker of Nescafé coffee and Purina petfood said it would sell 22.26 million L’Oréal shares back to the French company, allowing the world’s biggest packaged-food maker to capitalize on a rally in the beauty giant’s share price.

Companies’ cash hoards stir hopes for greater spending on business growth and returning money to shareholders.

He will be succeeded on Nov. 1 by his top deputy, Jon Moeller, who has been P&G’s finance chief and was promoted to chief operating officer.

Huggies maker Kimberly-Clark plans to raise prices, joining General Mills, Hormel Foods and other consumer-goods companies in passing along added costs.

Gojo Industries, the family-owned maker of Purell hand sanitizer, has added a factory and warehouse and restructured its supply chain, expecting consumers’ new hygiene habits are here to stay.

U.S. labor and trade figures point to uneven recovery from the pandemic, as unemployment claims remained elevated while consumer demand for imported goods rose to a record.

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