Unilever Ice Cream Sale Won't Change Us, Says Ben & Jerry's [BNN Bloomberg (Canada)]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: BNN Bloomberg
There is a “firmly established framework” that will “remain intact” to protect the integrity of a brand known for promoting progressive causes, said the board, which has had a fractious relationship with Unilever in recent years. Led by Anuradha Mittal, the board told Bloomberg News that it's here to stay and has played a key role in driving growth at Ben & Jerry's. “This robust framework is the key to our consistent alignment with our values and has been instrumental in achieving a 400% growth since our merger with Unilever,” the board said. The move comes after Unilever said it wanted to shed its ice cream division, which generates around €8 billion ($8.5 billion) in annual sales, in a bid to reverse years of lackluster performance. The soap-to-stock cube conglomerate has since also announced a plan to abandon or water down a string of environmental and social pledges. Read More: Unilever CEO to Water Down ESG Targets to Focus on Profit Questions are already being asked a
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