Unilever plc (UL) has released an update.
Unilever plc has announced the separation of its Ice Cream business to create a standalone company, aiming to enhance focus and drive growth. Additionally, the launch of a new productivity program is expected to generate significant cost savings, while the company plans to streamline operations to boost brand investments and R&D. These strategic moves intend to transform Unilever into a simpler, higher-margin business, with mid-single digit growth and improved profitability expected post-separation.
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