CHECKOUT COUNTER: Unilever | Richemont | Asos | Walmart
Unilever will buy the personal-care and home-care brands of Quala, a Latin-American consumer goods company. The Anglo-Dutch group said the inclusion of these brands in its stable would consolidate its position in hair care globally, and contribute to its oral-care and male-grooming businesses. Unilever is using bolt-on acquisitions to help grow revenues, following Kraft Heinz’s failed US$143bn bid for Unilever earlier this year. 2. Richemont snaps up duty-free stake Swiss luxury goods maker Richemont, whose brands include Panerai, Dunhill and Montblanc, has bought a 5% stake in the world’s largest duty-free retailer, Dufry AG. The move is said to have been made to give Richemont’s maisons, or brands, access to good locations. 3. Asos warehouse hit by fire Online fashion retailer Asos Plc this week said a fire at its warehouse outside Berlin, in Germany, had destroyed stock worth about £6.25m. The company said it is fully insured for the loss of stock and any subsequent business inte...
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