Unilever plans to spin off its €7.9bn ice cream business.

Unilever shares surged 3% on Tuesday after the company announced plans to spin off its ice cream business, which includes popular brands like Ben & Jerry's and Magnum. The move aims to help the company save cash while focusing on its core business lines. The ice cream business, which delivered turnover of €7.9bn in 2023, will be spun off into a separate, independent business. Unilever also plans to cut 7,500 jobs as part of a new cost-saving plan.

March 19, 2024
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