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Unilever s US, European market share slips as private label booms

Unilever, the maker of Dove soap and Ben & Jerry's ice cream, struggled to defend fourth-quarter grocery store market share across most of its categories in Europe and the United States, data shows, as it ceded some of its turf to private labels and cut products. The food and consumer products industry has increased prices sharply on basic goods in recent years to make up for soaring input costs that began with the pandemic and were exacerbated by Russia's invasion of Ukraine. These hikes prompted a cost of living crisis in Europe and the United States, and eventually pushed shoppers towards cheaper private label brands owned by retailers like Carrefour, Tesco and Walmart.

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Noel Tata-led Trent charts expansion plan riding private label-only model, ET Retail

Tata: The company s revenues climbed substantially over the past five years, to ₹8,242 crore in FY23 from ₹2,157 crore in FY18. Concurrently, the net profit surged nearly five-fold to ₹394 crore. The stock has sparkled, too. Last year, Trent more than doubled in value, outpacing the 20% returns for the Nifty50. Over a two-year span, the stock nearly tripled, while the Nifty climbed 27% in the period.

Tata led trentExpansion planPrivate labelsTata groupRetail chainNoel tataBusiness model

Trent charts expansion plan riding private label-only model

The company s revenues climbed substantially over the past five years, to ₹8,242 crore in FY23 from ₹2,157 crore in FY18. Concurrently, the net profit surged nearly five-fold to ₹394 crore. The stock has sparkled, too. Last year, Trent more than doubled in value, outpacing the 20% returns for the Nifty50. Over a two-year span, the stock nearly tripled, while the Nifty climbed 27% in the period.

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Private Label : With rising costs of living, consumers are adopting various strategies to cope with the challenges – International Supermarket News

Private Label : With rising costs of living, consumers are adopting various strategies to cope with the challenges – International Supermarket News
internationalsupermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalsupermarketnews.com Daily Mail and Mail on Sunday newspapers.

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Private Labels capitalise on the cost-of-living crisis to make up 38% of total FMCG value sales in Europe (€229 Bn) – International Supermarket News

Private Labels capitalise on the cost-of-living crisis to make up 38% of total FMCG value sales in Europe (€229 Bn) – International Supermarket News
internationalsupermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from internationalsupermarketnews.com Daily Mail and Mail on Sunday newspapers.

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