Unilever Drops Ice Cream, Keeps Face Cream as It Focuses on Power Brands in Portfolio

intends to spin off its ice cream business with plans to amplify its focus on a handful of beauty, home and wellbeing brands with high growth potential.said Tuesday the planned disposal is part of a wider productivity program that will see it make 7,500 office-based layoffs globally and achieve total cost savings of around 800 million euros over the next three years.

The consumer giant, owner of brands including Dove, Vaseline and Hellmann’s mayonnaise, said that a demerger of ice cream is the most likely route, although it’s considering other options in order to maximize returns for shareholders.Courtesy of Dove Following separation, Unilever will operate four business groups: Beauty & Wellbeing, Personal Care, Home Care and Nutrition.

Source: News Formal (newsformal.com)

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