Unilever to sell Unilever Life, its direct selling business in Thailand, to RS Group, a leading Entertainment and Commerce company in Thailand

Unilever to sell Unilever Life, its direct selling business in Thailand, to RS Group, a leading Entertainment and Commerce company in Thailand

(PRESS RELEASE) BANGKOK, 8-Feb-2022 — /EuropaWire/ — Unilever (LON: ULVR), multinational consumer goods conglomerate, has announced the sale of its direct selling business in Thailand, Unilever Life to RS Group, a leading Entertainment and Commerce company in Thailand.

Unilever Life is a Multi-Level Marketing (MLM) direct selling business unit in Thailand, with a portfolio of three brands: Beyonde, Aviance, and iFresh.

Robert Candelino, CEO of Unilever Thailand, said: “For the past 20 years, Unilever Life has disrupted the market with its unique business model, dynamic innovation, wonderful people and noble purpose of creating opportunities for people to realise their dreams. We are proud of this business, our people and its legacy. We are excited for this business to begin its next chapter under the new ownership and the continued leadership of Unilever Life President, Suchada Theeravachirakul.”

Suchada Theeravachirakul, Head of Unilever Life, said: “Unilever Life is a strong business supporting Thai people to have a sustainable source of income. We look forward to the next stage of Unilever Life under the ownership of RS Group.”

Surachai Chetchotisak, CEO of RS Public Company Limited said: “Acquiring or investing in businesses or assets with growth potential (M&A) is one of the core strategies of RS Group, which will significantly expand the Company’s ecosystem. This decision to acquire Unilever Life – which is a purposeful business that helps Thai people become entrepreneurs through trusted platform, will strengthen RS Group’s commerce business model and reach a wider range of target groups in new distribution channels. Therefore, it increases business opportunities and creates added value for the company too.”

The offer is subject to certain conditions. Completion is expected in 3-4 months.

Media Contacts:

Unilever Thailand

Wachirapan Soponkij
+66 811705598

About Unilever Life

Unilever Life is a Multi-Level Marketing (MLM) direct selling business under Unilever Thai Trading. It was established by Unilever Thailand in 2000 due to the growing popularity of the direct selling business.

Unilever Life comprises of 76 SKUs under 43 products via three brands – Beyonde, Aviance and iFresh. It is a market leader, especially in health drinks and supplements, with a portfolio of innovative products backed by awards and positive customer testimonials.

Unilever Life is a purpose-led business by providing a sustainable source of income for Thai people through high-quality products and well-designed training for its Business Partners. Through its rigorous training and direct selling platform, Unilever Life supports people to become entrepreneurs, who are adept at advising customers, building relationships, and earning sustainable income.

For more information: https://www.unileverlife.com

About RS Group:

RS Group has been an inspiring Thai entertainment culture since 1982. Currently, RS group is in the commercial business category in the Stock Exchange of Thailand with 2 main business groups: Commerce and Media & Entertainment under the “Entertainmerce” business model that seamlessly connects all affiliated businesses from upstream to downstream to support each business to grow continuously and simultaneously.

For more information: www.rs.co.th and https://www.facebook.com/RSGROUPOFFICIAL.

Safe Harbour

Where relevant, these actions are subject to the appropriate consultations and approvals.

This announcement may contain forward-looking statements, including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. Words such as ‘will’, ‘aim’, ‘expects’, ‘anticipates’, ‘intends’, ‘looks’, ‘believes’, ‘vision’, or the negative of these terms and other similar expressions of future performance or results, and their negatives, are intended to identify such forward-looking statements. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Unilever Group (the ‘Group’). They are not historical facts, nor are they guarantees of future performance.

Because these forward-looking statements involve risks and uncertainties, there are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. Among other risks and uncertainties, the material or principal factors which could cause actual results to differ materially are: Unilever’s global brands not meeting consumer preferences; Unilever’s ability to innovate and remain competitive; Unilever’s investment choices in its portfolio management; the effect of climate change on Unilever’s business; Unilever’s ability to find sustainable solutions to its plastic packaging; significant changes or deterioration in customer relationships; the recruitment and retention of talented employees; disruptions in our supply chain and distribution; increases or volatility in the cost of raw materials and commodities; the production of safe and high quality products; secure and reliable IT infrastructure; execution of acquisitions, divestitures and business transformation projects; economic, social and political risks and natural disasters; financial risks; failure to meet high and ethical standards; and managing regulatory, tax and legal matters. A number of these risks have increased as a result of the current Covid-19 pandemic.

These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, the Group expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Group’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Further details of potential risks and uncertainties affecting the Group are described in the Group’s filings with the London Stock Exchange, Euronext Amsterdam and the US Securities and Exchange Commission, including in the Unilever Annual Report and Accounts 2020.

SOURCE: Unilever



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