Unilever Abandons Ice Cream Sale Plans

Unilever has decided to abandon plans to sell its ice cream division, which includes well-known brands like Ben & Jerry's and Magnum, and is instead pursuing a spin-off into an independent business. This shift comes after private equity firms showed little interest due to the division's large scale and complex supply chain. The ice cream unit accounts for approximately 16% of Unilever's global sales, with an estimated value of €10 billion to €15 billion. Additionally, Ben & Jerry's has filed a lawsuit against Unilever for allegedly silencing its independent board on political matters, further complicating the situation. Unilever aims to complete the separation by the end of 2025 and will remain open to proposals, although its stock has seen a slight decline in response to these developments.