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Unilever Is Better Off Without Ben and Jerry.
- Source :
-
Wall Street Journal - Online Edition . 3/20/2024, pN.PAG-N.PAG. 1p. - Publication Year :
- 2024
-
Abstract
- Unilever has announced plans to separate its ice-cream business, including brands like Ben & Jerry's, Wall's, and Magnum, into a stand-alone listed entity. The move comes as the ice-cream business has struggled, with sales growth of just 2.3% in 2023. Unilever will retain its nutrition business, which includes brands like Hellmann's mayonnaise, as well as its home care, personal care, and beauty & well-being divisions. The decision to separate the ice-cream business is seen as a transformative move by Unilever's CEO, Hein Schumacher, who aims to revive the company's valuation. [Extracted from the article]
Details
- Language :
- English
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal - Online Edition
- Publication Type :
- News
- Accession number :
- 176122187