Unilever plans to spin off its ice cream division and cut 7,500 jobs amid a company overhaul.

Unilever, a major consumer goods company, plans to demerge its ice cream division, including brands like Ben & Jerry's and Magnum, with a primary listing in Amsterdam and additional listings in London and New York. This follows pressure from activist investor Nelson Peltz to list in the US. The company is also cutting 7,500 jobs as part of a broader restructuring. Despite these changes, Unilever's turnover rose 1.9% to €60.8 billion in 2024, but shares fell 7% due to "soft" growth concerns.

5 weeks ago
44 Articles

Further Reading