Unilever’s new chief executive, Hein Schumacher, has announced plans to offload the company’s ice-cream division, including popular brands like Wall’s, Magnum, and Ben & Jerry’s. This decision is part of a broader strategy to streamline operations and drive better financial returns for shareholders. While the move may be seen as a positive step towards reshaping the company, it echoes similar tactics employed by Schumacher’s predecessors. The challenge now lies in executing a growth action plan that delivers tangible results and improves the overall performance of Unilever. With pressure from investors and activists like Nelson Peltz, Schumacher faces the daunting task of transforming Unilever while navigating the complexities of the global market. Time will tell if this latest decision yields the desired outcomes for the consumer goods giant.
Unilever’s CEO Shakes Up Strategy with Ice-Cream Sell-Off, Netherlands
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