LONDON — Unilever, the owner of Ben & Jerry’s, says it will spin off its ice cream business as part of a plan to reduce costs and boost profits while creating a giant $8 billion ice cream company.

Separating out ice cream is being served up as part of Unilever's action plan, which the company announced in October 2023, "to drive growth and unlock potential," the company said at the time. ...

Dozens of U.S. ice cream producers are planning to remove artificial colors from their products by 2028, a dairy industry ...

Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben & Jerry's, and cut 7,500 jobs in a new cost-savings programme.

Unilever (NYSE:UL) has axed a plan to sell its €15bn ice-cream business to private equity and will focus on a spin-off of the unit. Unilever ADRs fell almost 1%. Private equity interest in the ...

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The separation of its ice cream unit and the implementation of its productivity program mark the latest efforts in the company's growth action plan, announced in October 2023.