Chilling Changes: Unilever To Separate Iconic Ice Cream Brands In Strategic Shake-Up
Portfolio Pulse from Shivani Kumaresan
Unilever plc (NYSE:UL) announced plans to separate its Ice Cream business, including top brands like Wall's, Magnum, and Ben & Jerry's, aiming for a more focused growth by operating in four Business Groups. The separation, part of its Growth Action Plan, is expected to complete by end of 2025, alongside a productivity program expected to save €800 million over three years. This strategic move is anticipated to impact 7,500 roles globally and aims for mid-single-digit sales growth and modest margin improvement post-separation.
March 19, 2024 | 10:16 am
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Unilever plans to separate its Ice Cream business, including major brands, aiming for streamlined operations and growth. The move includes a productivity program to save €800 million, impacting 7,500 roles, with a goal of mid-single-digit sales growth post-separation.
The separation of the Ice Cream business and the launch of a productivity program are significant strategic moves by Unilever, aimed at focusing on core operations and improving financial performance. The positive premarket price action suggests investor optimism about these changes. However, the impact on the stock will depend on the execution of these plans and their effect on Unilever's overall profitability and growth.
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