Unilever plans to separate its ice cream division

Unilever plans to separate its ice cream division

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Unilever has recently announced plans to split off its ice cream business in order to achieve operational and financial flexibility for growth. This move will also include cutting costs by €800mn and impacting 7,500 staff members. The ice cream business, which includes popular brands like Wall’s, Magnum, and Ben & Jerry’s, generated €7.9bn in revenue last year. Unilever, a company with 128,000 employees, also identified additional efficiencies that will result in €800mn of savings over the next three years.

In addition to the ice cream business, Unilever is known for its diverse portfolio of brands including Marmite, Hellmann’s, Dove soaps, and cleaning products like Domestos and Cif. The company plans to continue optimizing its portfolio in its remaining four business groups by focusing on brands with global reach or significant potential for growth.

This announcement marks an important development for Unilever and is a story that is still unfolding. Stay tuned for further updates on this significant change within the company.

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