Unilever: demerger of Ice Cream business

(CercleFinance.com) - Unilever today announced measures to accelerate its action plan for growth through the separation of the Ice Cream business.


Ice Cream has a very different operating model and, as a result, the Board of Directors has decided that the separation of Ice Cream best serves the future growth of Ice Cream and Unilever.

"Following separation, Unilever will become a simpler, more focused company, operating four Business Groups across Beauty & Wellbeing, Personal Care, Home Care and Nutrition" it said.

"The separation of Ice Cream will assist Unilever's management to accelerate the implementation of its GAP, announced in October 2023, which is focused on doing fewer things, better, with greater impact to drive consistent and stronger topline growth, enhance productivity and simplicity, and step up Unilever's performance culture", management added.

Unilever also intends to launch a comprehensive productivity program. The productivity program is expected to generate total savings of around E800m over the next three years.


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