Brands
HUL aims for a #Brightfuture this Earth Day
MUMBAI: The biggest consumer goods company in the country, Hindustan Unilever Limited (HUL), does more than just a lip service to the corporate social responsibilities (CSR).
On Earth Day, the company launched a campaign on twitter with a hashtag #Brightfuture with an aim to interact with people and get them to tweet what actions people have taken for a better tomorrow.
Through the #Brightfuture campaign, HUL wants people to share ‘how through their small actions they have been able to achieve sustainable living especially for the bright future for the children.’
“A large number of people today want to adopt a sustainable lifestyle and prefer using brands that are more sustainable. It is our belief that occasions such as Earth Day provide us an opportunity to encourage people to take action by doing small things which, added together, contribute to a better society and environment,” says the HUL spokesperson.
The response has been good with many sharing tips on the same. Some of the tips shared on the company’s twitter page are: “I prefer to read online to save newspaper and print got by cutting trees,” “I’ve played ‘Dry & Safe Holi/Diwali’ for years. Now I do my bit to spread awareness regarding it,” “Enjoy sports and recreational activities that use your muscles rather than gasoline,” “Reduce travelling by using video conferencing for meetings.”
The company promises to give HUL goodies to the best tweets.
The consumer goods company which believes in a sustainable tomorrow, through its various initiatives like Project Sunlight or Help A Child Reach 5, has done its bit with an aim to make sustainable living desirable and achievable by inspiring people to look at the possibilities of a world where everyone lives well and within the natural limits of the planet.
The Unilever Sustainable Living Plan which was launched in 2010 has three ambitious goals, all to be achieved by 2020:
1. To help more than a billion people take action to improve their health and wellbeing.
2. To halve the environmental footprint of our products across the value chain, not just those relating to manufacturing or within our direct control.
3. To source 100 per cent of their agricultural raw materials sustainably.
Brands
UK’s OnlyFans seeks US investor at $3bn valuation after owner’s death
The adult video platform is seeking stability after the death of its billionaire owner
LONDON: OnlyFans is looking for a new partner. The London-based adult video platform is in advanced talks to sell a minority stake of less than 20 per cent to Architect Capital, a San Francisco-based investment firm, in a deal that would value the business at more than $3bn (£2.2bn).
The move is driven by an urgent need for stability. Leonid Radvinsky, the Ukrainian-American billionaire who owned OnlyFans, died of cancer last month at the age of 43, leaving the future of one of Britain’s most profitable privately held businesses suddenly uncertain.
The choice of Architect Capital is not arbitrary. The firm has deep expertise in financial services, which aligns neatly with OnlyFans’ ambitions to offer banking products to its creators, many of whom have long struggled to access basic financial services because of the nature of their work.
The numbers behind OnlyFans are, by any measure, staggering. The platform posted revenues of $1.4bn in the year to 30th November 2024, with a pre-tax profit of $684m, up four per cent on the prior year. Payments to creators totalled $7.2bn over the same period, a rise of nearly ten per cent. Radvinsky personally collected $701m in dividends from the business in 2024 alone, on top of more than $1bn in such payments he had already received. The platform, run through its parent company Felix International, hosts 4.6m creator accounts, with performers keeping 80 per cent of subscription proceeds and the platform pocketing the remaining 20 per cent. It has 377m fan accounts in total.
The current minority stake talks represent a notable scaling back of ambitions. In January, OnlyFans was reported to be in discussions with Architect about selling a majority stake of 60 per cent. Before that, the company had explored a sale to a consortium led by Forest Road Company, a Los Angeles-based investment firm. Neither deal materialised.
OnlyFans has built an enormously lucrative business on content that mainstream finance has long refused to touch. Now, with its owner gone and a $3bn valuation on the table, it is looking for the kind of respectable institutional backing that might finally persuade the banks to take its calls.
