Under new leadership, Unilever is evaluating all existing businesses and embarking on a cost-savings program. Unilever will either dispose of their ice cream businesses through sale or as a spin off. Current brands include Ben & Jerry’s, Magnum and Wall’s.

The company noted improvement in performance through enhanced productivity and rationalization, but stated “as a stand-alone business, the management team will have operational and financial flexibility to grow its business”.

Hunt Schumacher, CEO, stated “ simplifying our portfolio and driving greater productivity will allow us to further unlock the potential of this business to deliver strong sustainable growth and enhance profitability”.