Unilever Eyes New York Listing For Ice Cream Business – Bloomberg

By Reuters
Unilever Eyes New York Listing For Ice Cream Business – Bloomberg

Unilever is evaluating options – including a New York listing – for its ice cream business, which is the biggest market for brands such as Ben & Jerry’s and Magnum, Bloomberg News reported on Friday.

The publication cited people familiar with the matter.

Last March, the London-listed company said it would spin off its ice cream unit, with the process expected to be complete by the end of 2025.

The group – whose other brands include Dove soap, Marmite and Hellman’s condiments – has been undergoing a shakeup, including a cost-savings programme, trimming 7,500 jobs globally.

The company is also considering Amsterdam and London venues, the Bloomberg report added.

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Spinning off the unit will also help Unilever avoid controversies over political stances taken by Ben & Jerry’s, including a recent lawsuit filed against the company over silencing attempts to express support for Palestinian refugees.

Unilever declined to comment.

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