(Reuters) -Unilever Plc is evaluating options, including a New York listing, for its ice cream business, which is the biggest market for its brands such as Ben & Jerry’s and Breyers, Bloomberg News reported on Friday, citing people familiar with the matter. Last March, the London-listed company said it would spin off its ice cream […]
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Unilever eyes New York listing for ice cream business, Bloomberg News reports
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(Reuters) -Unilever Plc is evaluating options, including a New York listing, for its ice cream business, which is the biggest market for its brands such as Ben & Jerry’s and Breyers, Bloomberg News reported on Friday, citing people familiar with the matter.
Last March, the London-listed company said it would spin off its ice cream unit, home to popular brands such as Magnum, with the process expected to be complete by the end of 2025.
The group, whose other brands include Dove soap, Marmite and Hellmann’s condiments, has been undergoing a shakeup, including a cost-savings programme trimming 7,500 jobs globally.
Amsterdam and London are also among the venues being considered, the Bloomberg News report added.
Spinning off the unit will also help Unilever avoid controversies over political stances taken by Ben & Jerry’s, including a recent lawsuit filed against the company over silencing attempts to express support for Palestinian refugees.
Unilever declined to comment.
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Alan Barona)