Unilever

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty and Personal Care, Foods and Refreshment, and Home Care. The Beauty and Personal Care segment offers skin cleansing, hair care, skin care, and deodorants categories. The Foods and Refreshment segment sells ice cream, savory, dressings, and tea. The Home Care segment includes fabric category and a wide range of cleaning products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Unilever Plc engages in the manufacture and sale of consumer goods. It operates through the following segments: Beauty & Wellbeing, Personal Care, Home Care, Nutrition, and Ice Cream. The Beauty & Wellbeing segment offers hair care, skin care, and prestige beauty and health & wellbeing. The Personal Care segment consists of sales of skin cleansing, deodorant, and oral care products. The Home Care segment comprises of sales of fabric care and a wide range of cleaning products. The Nutrition segment refers to sales of scratch cooking aids, dressings, and tea products. The Ice Cream segment covers primarily ice cream products. The company was founded by Antonius Johannes Jurgens, Samuel van den Bergh, and William Hulme Lever on January 1, 1930 and is headquartered in London, the United Kingdom.

Unilever's new boss said he plans to dilute several of the group's previous ESG goals, including the amount of plastic the food and household products giant uses. In an interview with Bloomberg, Hein Schumacher said some targets would be relaxed to “ drive performance”.

Unilever boss rows back on ESG commitments to boost performance

Most of Unilever's sales come from emerging markets, providing a long growth runway. The planned separation of its ice cream unit creates a simplified, higher-margin business.

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Disney shareholders gave Nelson Peltz the cold shoulder, but at Unilever, where Peltz sits on the board, big changes he supports are in the works in what amounts to a tale of two boards.

Nelson Peltz And A Tale Of Two Boards

On March 19,2024, Unilever PLC (NYSE ADR: UL; $49.35; Market Capitalization: $123.5 billion) board announced that it is planning to separate Ice-cream business through spin-off, a move that will accelerate its Growth Action Plan (GAP). Post separation, Unilever (stub) will focus on its four business units namely: Beauty & Wellbeing, Personal Care, Home Care and Nutrition. On the other hand, the NewCo will operate as a standalone entity creating a world-leading Ice-cream business.

Unilever PLC To Spin-Off Ice Cream Business

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Unilever recently launched its productivity program, which includes splitting off its ice cream division. This division, although a sizeable part of the company, has been relatively underperforming over the years and is more capital-intensive. It seems that Unilever's restructuring plans are switching into higher gears, and the ice cream exit could be the first step of many improvements.

Unilever: Upcoming Ice Cream Exit Could Be A Huge Step In The Right Direction

ENGLEWOOD CLIFFS, N.J.--(BUSINESS WIRE)--Unilever today announced that a major project to significantly reduce carbon emissions at its Ice Cream Business Group's four U.S. factories has been selected by the U.S. Department of Energy for award negotiations of up to $20.9 million of support. The proposed project would cut 14,000 metric tons of carbon emissions per year, a major step in moving toward carbon neutrality for the factories that produce Ben & Jerry's, Talenti, Magnum, Breyers and o.

Unilever Advances Major Decarbonization Project at Four U.S. Factories

London may miss out on the float of Unilever PLC's (LSE:ULVR) €17 billion (£14.5bn) ice cream scoop-out, with Amsterdam seeming to be front-runner for the initial public offer destination.  The Anglo-Dutch giant said last week that it plans to spin off its ice cream unit, including Ben & Jerry's, Magnum and Walls.

London tipped to miss out on Unilever's Ben & Jerry's IPO

Unilever's performance has been underwhelming compared to its peers in the consumer staples sector; however, this could change in the future. The company still has a high-quality product portfolio with sufficient growth prospects in emerging markets. Management is working on a turnaround and is shifting towards higher-margin segments and streamlining its portfolio, with a spin-off of its ice cream division planned.

Unilever: The Company Is Moving In The Right Direction

WPP Plc Sponsored

This week's big strategic update from Unilever PLC (LSE:ULVR) appears to raise risks for advertising agencies that it uses, said UBS, reiterating its 'sell' rating on WPP PLC's (LSE:WPP).  Alongside scooping out its ice cream division, Unilever's announcement of an acceleration of its growth action plan also includes the launch of a €800 million productivity program, with various cost savings.

Unilever's new plans may not bode well for ad agency WPP - analyst

Unilever is breaking up with ice cream. But it's not only the international conglomerate that is cooling on the sweet treat — it turns out that Americans have been slowly drifting away from ice cream over the past few decades.

Is America's love of ice cream melting away? Unilever's break-up with Ben & Jerry's isn't the only sign.

The ice-cream brand is set to be part of a new, stand-alone business after years of tension with its parent company.

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Unilever PLC (LSE:ULVR)'s decision to divest itself of its ice cream business - which makes freezer staples such as Ben & Jerry's and Wall's - is being viewed favourably by analysts as they digest the news. The food and household goods conglomerate, which is looking to complete the demerger by the end of next year, unveiled the plans as part of a streamlining process that will see it do 'fewer things better'.

Unilever move out of the freezer seen as a 'bold move' as City warms to ice cream spin-off

Unilever PLC (LSE:ULVR) is considering disposing of the majority stake in Chinese water purification company Qinyuan Group it bought in 2014, according to a Bloomberg report. Sources said the sale could value Qinyuan at around $300 million (£236 million), though Unilever has not disclosed the size of its stake Qinyan was Unilever's largest Chinese acquisition at the time, doubling the British FMCG conglomerate's exposure to the water purification market.

Unilever considering disposal of water purification business

Unilever is exiting the ice cream business and doubling down on cost cuts. Investors should watch the upcoming earnings report for more details on its 2024 growth prospects.

Why Unilever Stock Jumped on Tuesday

Unilever PLC (LSE:ULVR) has left the door open to a Dutch listing of its ice cream division after announcing the separation of the business on Tuesday. “Where eventually the listing will take place as well as its head office, that's something that we're going to have to determine in the next 18 months,” Bloomberg quoted Unilever's chief executive Hein Schumacher as saying.

Unilever leaves Dutch ice cream float on the menu

Its ice cream business was struggling and enjoys less overlap with the rest of the consumer giant.

Unilever Is Better Off Without Ben and Jerry

The move, which would also shed around 7,500 jobs, is part of a restructuring sought by CEO Hein Schumacher.

Ben & Jerry's could be sold after years of dustups over Israel-Palestine conflict

In a move to streamline operations and focus on core strengths, Unilever has announced plans to separate its ice cream unit, which is home to iconic brands including Ben & Jerry's and Magnum.

Mass layoffs loom for Unilever as it plans to spin off ice cream unit that includes Ben & Jerry's

Unilever PLC's (LSE:ULVR) plan to scoop out its Ben & Jerry's, Walls and Magnum ice cream division as a separately listed company is a "clear positive step" towards making the company grow faster, said analysts at Barclays, and could bring questions about other parts of the conglomerate. The fourth-largest group in the FTSE 100 said on Tuesday morning that it plans to dispose of the ice cream business, most likely as a standalone company but with other options on the table too.

Unilever scooping ice cream out is positive step says Barclays 'but big job still to do'

Shares of Unilever Plc (UL) rose nearly 3% in pre-market trading Tuesday after the consumer products giant announced plans to separate Ben & Jerry's and its other ice cream brands such as Magnum into a stand-alone business, as part of a restructuring that could affect around 7,500 jobs.

Unilever Stock Rises on Plan to Spin Off Ice Cream Division, Including Ben & Jerry's

Unilever is set to cut 7,500 jobs globally as part of an ambitious three-year cost-saving initiative. The group will divide its ice cream business, including Wall's, Ben & Jerry's, and Magnum brands.

Unilever to split off ice cream business, cut 7,500 jobs as Hein Schumacher eyes transformation

Unilever (NYSE: UL ) will undergo layoffs and cut about 7,500 jobs. It plans on spinning off its ice cream business in the process.

News for Unilever Stock (UL)