Unilever almost looks fair and lovely in India – ZAWYA

Unilever almost looks fair and lovely in India – ZAWYA

unilever almost looks fair and lovely in india sales growth in fast-moving consumer goods across india shrunk from 10% in 2018 to barely 2% in late march, when the government first moved to shutter businesses    a customer picks up "fair & lovely" brand of skin lightening product from a shelf in a shop in ahmedabad, india, june 25, 2020. (the author is a reuters breakingviews columnist. the opinions expressed are her own.)mumbai  - unilever is rebranding its controversial and lucrative "fair & lovely“ skin-whitening products to "glow & lovely“. both names are better apt to describe how its $73 billion indian unit, hindustan unilever, is weathering a strict lockdown in the giant emerging market.a slowing economy and credit crunch were taking its toll on the industry well before the pandemic. sales growth in fast-moving consumer goods across india shrunk from 10% in 2018 to barely 2% in late march, when the government first moved to shutter businesses. and resulting price reductions were one reason hindustan unilever's $143 billion anglo-dutch parent slightly undershot a target to improve its group underlying operating margin last year.a slowing economy and credit crunch were taking its toll on the industry well before the pandemic.