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....
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Unilever: The Proposed Revamp Seems Positive But May Not Be Transformative