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Consumer Goods

Reuters | Equities.com |

Unilever Plc warned on Thursday that surging commodity costs would squeeze its full-year operating margin, overshadowing strong second-quarter sales growth fuelled by the easing of pandemic-related curbs in many of its markets.

Underlying sales for the maker of Dove soap maker rose 5% in the three months ended June 30, above 4.8% forecast by analysts. However, rising prices of everything from crude to palm and soybean oil made the company cut its operating margin outlook to "about flat" from slightly up earlier and flag greater uncertainty surrounding that forecast.


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Tiffany & Co has settled its more than eight-year-old lawsuit accusing Costco Wholesale Corp of trademark infringement and counterfeiting for selling generic diamond engagement rings bearing the "Tiffany" name.

Monday's settlement came after the federal appeals court Manhattan in August threw out a $21 million judgment that Tiffany, acquired in January by French luxury goods company LVMH SE, won in 2017 following a jury trial.


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Samsung Electronics Co Ltd on Wednesday reported a likely 53% jump in second-quarter operating profit, beating market estimates on the back of strong chip prices and demand despite lower smartphone sales.

The preliminary result is up 33% from the first quarter and underscores the soaring demand for chips that has depleted stockpiles amid a pandemic-led consumer appetite for electronics and recovering investment in data centers.


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Shares of Nike Inc surged 12% in premarket trading Friday and were set to open at a record high after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from U.S. shoppers.

The company's fourth-quarter revenue also nearly doubled, topping $12 billion for the first time and overshadowing a weaker-than-anticipated performance in its fast-growing China market. read more


Kimberly Redmond | Equities.com |

Rhode Island-based jewelry retailer Alex and Ani LLC has filed for Chapter 11 bankruptcy protection and put itself up for sale.

On Thursday, the company said it entered into a restructuring support agreement (RSA) with debt holders and equity sponsors as it works to reorganize and strengthen its online and retail businesses.


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General Mills Inc said on Friday it would buy Tyson Foods Inc's pet treats business for $1.2 billion in cash, as the cereal maker builds its pet food portfolio at a time people are increasingly adopting cats and dogs.

The deal would add Nudges, Top Chews and True Chews brands to General Mills' portfolio that already includes Blue Buffalo pet foods label. The Cheerios maker bought Blue Buffalo for $8 billion in 2018, betting on the fast-growing pet foods segment.


Kimberly Redmond | Equities.com |

The Honest Company, an all-natural baby, beauty and household products company co-founded by actress Jessica Alba, filed on Friday for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC).

In its Form S-1, the company said it plans to list shares on the Nasdaq under the symbol “HNST.” 


Reuters | Equities.com |

Kimberly-Clark Corp said on Wednesday it would raise prices on many of its products including Scott toilet paper, tissues and diapers in the United States and Canada to offset rising commodity costs.

The company saw its products roll off supermarket shelves as shoppers stockpiled essential staples ahead of curfews and lockdowns to stem the spread of COVID-19.


Kimberly Redmond | Equities.com |

Nike Inc (NYSE: NKE) has filed a trademark infringement lawsuit against the New York-based designer of rapper Lil Nas X’s limited edition satanic-themed Air Max 97 shoes.

Filed Monday in New York federal court, the athletic shoemaker’s suit claims MSCHF Product Studio Inc altered its trademarked product without its “permission and authorization” and that it was “in no way connected with this project.”


Kimberly Redmond | Equities.com |

The Toys"R"Us and Babies"R"Us brands are changing hands again, less than two years after Tru Kids Inc bought them in a liquidation sale.

On Monday, WHP Global, a New York-based brand acquisition and management firm, announced it had taken a controlling stake in Tru Kids and will now manage its business and growth. Financial terms of the deal were not disclosed.