Unilever's Sweet Split: Ice Cream Division to Go Solo

Unilever is splitting off its ice cream business via a demerger, listing it separately in Amsterdam, London, and New York. This strategic move follows a thorough review by the company's board and aims to regain investor trust after past underperformance. Jean-Francois van Boxmeer will lead the newly formed entity.

Unilever has announced plans to separate its ice cream segment through a demerger, aiming for independent listings in Amsterdam, London, and New York.

The decision follows an exhaustive board review of strategic separation options. The move comes as Unilever seeks to restore investor confidence after the ice cream business underperformed in recent years.

Jean-Francois van Boxmeer will assume the role of Chair Designate for the new entity, as Unilever posted a 4% rise in underlying sales, slightly below analyst predictions.

(With inputs from agencies.)