Unilever to spin off its ice cream business.

Unilever, a consumer goods company, agreed to spin off its ice cream business. Financial terms were not disclosed. “The Board is determined to transform Unilever into a higher-growth, higher-margin business that will deliver consistently for all stakeholders. Improving our performance and sharpening our portfolio are key to delivering the improved results we believe Unilever can achieve. The separation of Ice Cream and the delivery of the productivity programme will help create a simpler, more focused, and higher performing Unilever. It will also create a world-leading ice cream business, with strong growth prospects and an exciting future as a standalone business," Ian Meakins, Unilever Chairperson.