8.90% of Bangladeshis use Unilever....he might be true...don't know about it but Unilever products are extremely popular.....BUT he has again provided wrong information(or lied) about Unilever Bangladesh's origin as a subsidiary of Hindustan Unilever.....I went to its wiki page and it mentions nothing relating to Bangladesh(which would be one of its largest market) in Hindustan Unilever wiki....Then I went to Unilever Bangladesh(UBL as they call it)'s page....and this is what it says in the last paragraph of their 'About Us' section:
UBL is a Joint Venture of the Government of Bangladesh and Unilever, one of the world’s leading suppliers of fast moving consumer goods with strong local roots in more than 100 countries across the globe. Unilever holds 60.4% share in UBL.
Source:Introduction to Unilever Bangladesh | Unilever
I was averse to comment on this. However multiple mentions of it has forced my hand.
UBL is a Joint Venture of the Government of Bangladesh and Unilever.
100% true
The 60.4% is Unilever's stake (an Anglo-Dutch company)
100% true
This is however routed via HUL.
This was never a one shot deal. It happened over a span of 5 years -decade after India's circa 91 financial liberation.
Since UBL is not a listed company, its not mandatory to declare the holding agency.
Since HUL is a listed entity please check the list of assets and Capital injections under HULs public reports.
Reason:
HUL is a financial and leadership powerhouse ....heck an institution on its own!
Vesting shares via HUL and exercising subtle controls is a financially worthwhile option.
It has nothing to do with India or Bangladesh.
Its a mightier subsidiary helping out the little brother.
The little brother is one of the most respected organisations in BD. I'm proud of it!
E.g. Mr. Bakr who has been the MD for almost 2 years now is the first Bangladeshi MD for Levers.
It was a thing to celebrate in the premises
The finance Director will be the last position to have an expat. I guess it would continue for 5 more years.
By stating the above I'm not disparaging BD in any way. Its just that India too has had its journey