Unilever CEO on Strategy, US Tariffs, Exiting Russia, China Demand

Unilever CEO Hein Schumacher sits down with Bloomberg’s Francine Lacqua in London for a wide-ranging interview, including consumer spending and premium demand, to the possibility of new trade tensions with Donald Trump returning to the White House. He also discusses the company’s exit from Russia, citing a loss of control over the business in the country and growing complications stemming from Russia’s response to Western sanctions imposed amid the war in Ukraine.

Read the story: https://www.bloomberg.com/news/articles/2024-11-27/unilever-left-russia-because-it-was-losing-control-ceo-says

00:00 – Intro
00:10 – Unilever CEO on the most difficult thing about being in charge
00:53 – Hein Schumacher on de-merging the ice-cream business, business model, food brands
04:00 – Unilever CEO on Marmite, food business plans, scalable brands
05:57 – Hein Schumacher on consumer behavior in US, China, India, Europe
08:40 – Unilever CEO on beauty premium in the US, consumer behavior post-Covid
09:25 – Hein Schumacher on India business, market share, opportunties
11:55 – Unilever CEO on Indonesia, local competitors, innovation, pricing
12:52 – Hein Schumacher on Donad Trump’s US presidency, tariffs, restructuting programme
15:45 – Unilever CEO on decision to exit Russia market
17:15 – Unilever CEO on Ben & Jerry’s future, independent board, social mission
18:49 – Hein Schumacher on lessons learnt as Unilever CEO
20:49 – Unilever CEO on long-term sustainability strategy, climate, plastics, nature
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