Unilever Is Cutting Back On Ice Cream To Revive Its Business [Yahoo! Finance]
Unilever PLC (UL)
US:NYSE Investor Relations:
unilever.com/investor-relations
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Source: Yahoo! Finance
Getting rid of the home of Ben & Jerry's means cutting 7,500 jobs as part of the company's cost-savings program. The consumer goods company plans to complete the spinoff by the end of 2025 with the CEO hinting on Sunday that the Netherlands has a good chance of becoming the division's listing host. Unilever Is On A Cost-Cutting Mission After it spins off the business that makes 16% of its global sales and contributes up to 40% of total sales in some countries, Unilever promises to deliver mid-single-digit underlying sales growth along with modestly improving its margins. Over the next three years, Unilever aims to save around $869 million in costs. Schumacher's Agenda Is To Re-Invigorate The Company When Hein Schumacher got behind the CEO wheel last July, he committed to simplify the business in order to get Unilever out of the underperforming circle as his predecessor was criticized for expanding the portfolio so much that it distracted management from the company's best-sell
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- 4/25/24 - Form 6-K
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- 3/19/24 - Form 6-K
- UL's page on the SEC website