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Unilever Rivals Mull Changes Amid Global Backlash Against...

2020-07-05T18:55:49Z

PaigeE92835461: Created page with " By Rupam Jain and Charlotte Greenfield MUMBAI/ISLAMABAD, June 25 (Reuters) - Unilever is considering marketing changes to its dominant line of skin lightening crea..."

By Rupam Jain and Charlotte Greenfield MUMBAI/ISLAMABAD, June 25 (Reuters) - Unilever is considering marketing changes to its dominant line of skin lightening creams, according to a company source in South Asia, even as the company and its rivals face a growing global social media backlash against such products. Products marketed as skin lightening have a huge market in South Asia, due to a societal obsession with fairer skin tones. Unilever's 'Fair & Lovely' brand dominates the market in South Asia, while similar products are sold by L'Oréal and Procter & Gamble. Amid Black Lives Matter protests in recent weeks, some of the companies have been heavily criticized for selling products promoting colourism, or discrimination based on skin colour. A Unilever source in South Asia told Reuters the company has taken note and is discussing potential changes but no decisions had been taken. "The branding exercise will require a massive change and we're working on this," the source said. "Words like 'skin detox', 'skin rejuvenation,' and 'skin vitality' are being considered instead of 'skin lightening'." Unilever and Hindustan Unilever did not immediately respond to requests for comment. It was not immediately clear the extent of changes Unilever is considering given the brand recognition of 'Fair & Lovely', which has been sold since 1975 in India and generated about $500 million in sales in India last year, according to an Ad Age report, citing Euromonitor figures. Calls for Unilever to stop marketing Fair & Lovely have been around for years, but the outcry has now surged. This month more than half a dozen petitions on Change.Org have drawn thousands of signatures, targeting Unilever and its Indian unit Hindustan Unilever, including one by Nina Davuluri, who in 2014 became the first Indian American to be crowned Miss America. The deliberations at Unilever come even as rival Johnson & Johnson said this month it would stop selling skin-whitening creams. Separately, a source within French beauty products giant L'Oréal in India said the company was also having discussions in view of the backlash. It markets skin lightening products under both its L'Oréal and [https://found.trade/index.php?title=Galaxy_S3_Jelly_Bean_And_Bond_s_Blower_In_Phone_News_Video https://found.trade/index.php?title=Galaxy_S3_Jelly_Bean_And_Bond_s_Blower_In_Phone_News_Video] Garnier banners in India. "We're re-evaluating all our products in South Asia and South East Asia," said the source. "Words such as skin brightening, whitening, lightening could soon become a thing of the past on all labels and product sales pitches." L'Oréal India declined to comment. An email to L'Oréal in France did not elicit an immediate response. (Reporting by Rupam Jain in Mumbai and Charlotte Greenfield in Islamabad; additional reporting by Anuron Kumar Mitra, Chandini M and Siddharth Cavale in Bangalore; Editing by Raju Gopalakrishnan)

Oil Companies Boost UK apos;s FTSE 100 As Lockdowns Ease

2020-07-05T14:43:38Z

PaigeE92835461: Created page with " By Devik Jain and Sagarika Jaisinghani May 5 (Reuters) - A surge in big oil companies boosted Britain's FTSE 100 on Tuesday, with investors counting on a revival i..."

By Devik Jain and Sagarika Jaisinghani May 5 (Reuters) - A surge in big oil companies boosted Britain's FTSE 100 on Tuesday, with investors counting on a revival in economic activity as several countries emerged from coronavirus lockdowns. Brent crude futures soared to more than $30 per barrel on hopes of a recovery in vehicle traffic and fuel demand, sparking a more than 5% gain in shares of BP and Royal Dutch Shell. The commodity-heavy FTSE 100 snapped a three-day losing streak with a 1.7% gain. The domestically focused midcap stocks lagged with a 0.9% rise as the latest services sector activity data pointed to a 7% quarterly fall in Britain's gross domestic product. Still, investors took comfort as countries including the United States and Italy gradually restarted their economies, and British Prime Minister Boris Johnson is expected this week to review his country's shutdown. "As the UK reveals plans to exit lockdown and as other countries already begin to relax measures, attention is turning once again to a rebound in economic activity, with oil prices also bouncing," said AJ Bell investment director Russ Mould. The FTSE 100 has now recovered about 19% from an eight-year low that it hit in March, partly on historic global fiscal and monetary stimulus, and shrugging off mounting evidence of the COVID-19 pandemic's economic damage. Figures earlier on Tuesday showed British new car sales slumped by an annual 97% in April as factories shut because f the coronavirus outbreak. The United Kingdom has the highest official death toll from the coronavirus in Europe, overtaking Italy. Low-cost airlines Ryanair and Wizz Air reported a near total wipeout in passenger numbers in April, but their shares rose 2.5% and 0.4%, [http://bbs.138yh.com/space-uid-936059.html http://bbs.138yh.com/space-uid-936059.html] respectively, after Wizz Air said it expected its figures to improve in May. Virgin Atlantic revealed plans to cut 3,150 jobs and move its London Gatwick operations to the bigger Heathrow airport. Bigger rival, British Airways owner IAG, fell 3.9% to the bottom of the FTSE 100. (Reporting by Sagarika Jaisinghani, Devik Jain and Sruthi Shankar in Bengaluru; Editing by Anil D'Silva)

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2020-07-05T11:06:52Z

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