"Unilever expects the ice cream business, which includes brands such as Magnum, Ben & Jerry's, Wall's and Cornetto, to command just over a fifth of the around $88 billion global ice cream market and compete with rivals such as Nestle-backed Froneri. Magnum is already operating separately to Unilever and after years of declining ice cream market share and stagnant profits, ter Kulve said the shift has been a game changer, allowing the company to invest in supply chains, sales and distribution."
"Ben & Jerry's seized the spotlight at an investor day ahead of the mid-November listing on Tuesday, renewing a call for its own spin-off after years of clashes over the U.S. brand's vocal position on Gaza."
"I have not been privy to any discussion between Unilever and Ben & Jerry."
"Ben & Jerry's is not for sale,"
Unilever expects the ice cream business, including Magnum, Ben & Jerry's, Wall's and Cornetto, to command just over a fifth of the roughly $88 billion global ice cream market and compete with rivals such as Froneri. Magnum is operating separately from Unilever, enabling investment in supply chains, sales and distribution after years of declining market share and stagnant profits. Magnum leadership reports a large market share improvement last year and rejects selling Ben & Jerry's. Ben & Jerry's renewed calls for a separate spin-off following clashes over its vocal position on Gaza. Unilever will retain under 20% after the listing; the demerger provides shareholder-stake protections against IPO volatility.
Read at Fast Company
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