Unilever plans to spin off its ice cream division.

Unilever plans to spin off its ice cream division, including popular brands such as Ben & Jerry's and Magnum, into a standalone business. This move is part of a broader restructuring that includes cutting 7,500 jobs and is aimed at streamlining the company. The ice cream business, which generated $8.57 billion in revenue in 2023, is expected to perform better as a separate entity. Unilever will restructure into four business units: beauty and wellbeing, personal care, home care, and nutrition.

March 19, 2024
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