Unilever Caribbean Ltd (UCL) is moving full steam ahead with its strategic pivot toward beauty and personal care, following its decision to exit the declining laundry powder segment.
In a notice on the T&T Stock Exchange last week, Unilever PLC announced its decision to divest its laundry business in the Caribbean and Central America. UCL’s board of directors subsequently approved an application to the Fair Trading Commission to meet local regulatory requirements for the proposed transfer of the brands.
Managing director Ginelle Lambie confirmed in a news release that the company will prioritise high-performing global brands such as Vaseline, Degree, Dove, TRESemmé, and Axe products that already account for the majority of UCL’s revenues and are growing at double-digit rates.
“This is where the future lies for us,” Lambie said, highlighting that the segment continues to deliver strong innovation and profitability.
Lambie said recent launches underscore the company’s new direction. Vaseline Radiant X, developed for melanin-rich skin in the Caribbean, and Degree Whole Body Deodorant, designed for the region’s hot climate, have both recorded robust early performance. Lambie noted that technology-driven, purpose-led innovation will be the foundation of UCL’s growth strategy going forward.
The company acknowledged that its laundry powder brands have faced years of headwinds, with the segment plagued by heavy commoditisation and price pressure across the region. Despite pricing adjustments and product updates, revenue for the category has declined consistently over the past five years, with profits turning negative.
By contrast, beauty and personal care has delivered year-on-year revenue growth, stronger margins and sustained consumer demand. According to UCL, this makes it a clear priority for investment and resource allocation.
Lambie stressed that while the company is shifting its portfolio, its commitment to T&T remains unchanged. “UCL has been part of this market since 1929. We remain deeply invested in our consumers, our communities, and our shareholders,” she said.
“This transition is about ensuring long-term sustainable growth while continuing to deliver the trusted, high-quality brands our consumers know and value.”