Unilever to spin off ice cream business, cut 7,500 jobs for cost savings

Cool Changes at Unilever: Spinning Off the Ice Cream Biz

Unilever, the giant behind some of our favorite frozen treats, is stirring things up in a big way. They plan to spin off their ice cream unit, which includes cool brands like Magnum and Ben & Jerry’s, into its own standalone business. This move is part of a broader strategy to whip up sales and profitability, and it will impact about 6% of their workforce—a whopping 7,500 jobs.

The spin-off is set to be complete by the end of 2025, and Unilever is looking to gain mid-single-digit sales growth and a modest improvement in margins after the split. They aim to become a “simpler and more focused company,” which is a recipe for success. But it’s not just about cutting costs; they’re also launching a program expected to save around 800 million euros over the next three years.

So, what’s the scoop on this? Well Unilever has been the king of the ice cream castle for a long time, dating back to 1913 when Thomas Wall started selling ice cream in London. Now, they’re looking to separate the ice cream business to better focus on its unique needs, like dealing with the ups and downs of seasonal demand and managing a chilly supply chain for frozen goods.

Rising Dough

With Unilever’s ice cream brands setting out on their own, consider the impact this could have on innovation and competition in the frozen treats market. How might this influence the strategies of young entrepreneurs looking to make their mark in the food industry?

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