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Unilever Set to Buy Green Cleaning Company Seventh Generation to Compete with P & G
This week, Unilever announced they have agree to acquire Seventh Generation Inc. This Vermont-based company, of course, is best known for its natural, green cleaning products.
Last year, Seventh Generation posted sales in excess of $200 million , with compound annual growth reaching double digits over the past decade.
This transaction is part of a major push by Unilever to secure more of the “natural selection” in the supermarket aisles. While this market has certainly been growing over the past few several years, the emerging Millennials generation...
Uber Announces Plan To Open Facility in Detroit
Uber Technologies Inc, has just announced the plan to open a new facility in the metro Detroit area where they will work with local automakers and suppliers. This is the latest move to converge Silicon Valley with Motor City, a partnership that continues to grow as we more intricately connect technology with automobiles; and self-driving vehicles in particular.
“Detroit is where the automotive industry has really developed — very, very strong talent base; very strong companies — and Uber wants to be part of that,” explains Uber vice president...