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UNLYF - Unilever: The Proposed Revamp Seems Positive But May Not Be Transformative
Unilever Plc
2024-03-19 23:09:35 ET
Summary
Unilever plans to separate its ice cream business and cut thousands of staff to reduce costs.
The ice cream business separation is expected to be completed by the end of next year.
Unilever aims to deliver mid-single digit underlying sales growth and modest margin improvement post-separation.
Consumer goods giant Unilever ([[UNLYF]], [[UL]]) announced this week plans to hive off its ice cream business and cut thousands of staff in an effort to reduce costs....