Unilever’s Ice cream businesses valued around €17 bn to be sold
Unilever plans to hive off it’s ice cream business including Walls and Ben & Jerry’s. Unilever is drumming up interest from private equity groups for its ice cream division after the consumer goods business announced plans to hive off the unit. Both Morgan Stanley and JP Morgan had reached out to buy out investors to solicit interest for popular ice cream brands like Wall’s Magnum and Ben & Gerry’s valued at around €17 bn. This move comes after CEO Hein Schumacher set out plans to split off ice cream business and cut 7, 000 jobs, and expects the ice cream … Continue reading Unilever’s Ice cream businesses valued around €17 bn to be sold
