Unilever expects global consumption patterns to be suppressed in the first half of this year, even as business returns to normal in East Asia and markets in Africa and Latin America show resiliency, its CEO announced.
Unilever, P&G and other major consumer goods manufacturers are touting lower-priced brands and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression.
Unilever, the maker of brands ranging from Ben & Jerry's ice cream to Dove soap, is trying to win over customers with a socially responsible makeover, but activists say that some of it is just cosmetic.
Without question, this has been the strangest season in fashion in 50 years, where designers have been busy asking themselves what the point of their profession is. What the French call "une remise en question."
Giorgio Armani skipped any physical presentation during Milan Fashion Week this season, but that did not prevent his video for Emporio Armani, unveiled online Thursday morning, from packing plenty of oomph and punch.