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Unilever’s ice cream will have a primary entry in Amsterdam, not London, when it was demolished later this year, in a fresh blow to the United Kingdom.
A wide consumption supply group announced on Thursday that a new company will also have lists in London and New York, but that the primary location will be in the Netherlands, where the unit is based. Unilever It is stated in all three markets, with a primary listed in London.
Unilever announced last year that he would dismiss the division as part of a broad reversal plan. Division brands include Magnum and Ben & Jerry’s, and they create more than 8 billion euros in annual revenue.
The company appointed Jean-François van Boxmeer, chairman of Vodafone, for an ice cream chair. The separation should be completed by the end of this year.
“This Decision follows a complete overview of the Committee on Separation Options, focused on maximizing shareholders’ refund, setting up a job for ice cream for the success and security of execution by the end of 2025,” the statement said in a statement on Thursday.
Financial Times reported last month that Unilever was leaning with multiple intake His ice cream and that Nelson Peltz, an activist investor and a member of the Unilever Committee, advocated for an American list.
The group was also under pressure to be included in the list in their home markets of the UK and the Netherlands. The company gave the Netherlands Government in 2020 that a future date would be stated in the Netherlands.
In a recent research note on Demer, Warren Ackerman, analyst from Barclays, said that although the US list could result in a greater assessment of values, it could exceed both the UK and European shareholders to sell their shares.
Unilever is in the middle of a wide range restructuring Initiated his 18 -month -old director Hein Schumacher. The “productivity productivity program includes cutting 7,500 jobs and ice cream.
Schumacher said in November that he would sell smaller and weaker performance of brands in the amount of around £ 1 billion in revenue, which could include anything, from his vegetarian butcher’s plant, to noodles, Marmite and Colman.
The group announced its year -round earnings together with the details of the structure of the inclusion, and the growth growth lagged behind for expectations. He also predicted dimmed growth early year, sending shares by 6.6 percent at early trading in London.
“The market growth is expected to remain soft in the first half of 2025,” Schumacher said.
The basic sales of the year by December increased 4.2 percent, compared to 4.3 percent expected. Traffic increased by 1.9 percent to EUR 60.8 billion. The company also announced a stock purchase of 1.5 billion euros.
David Hayes, an analyst from Jefferies, said he expects Unilever’s supplies to the back of a muted on the back of a muffled appearance, adding that each division missed its goal in the fourth quarter of the year.
Cedric Nesnard, an analyst from Citi, said the comments on the slow start to the year “enthusiasm for the enthusiasm to alleviate”.
Separately, the rival rival Unilever reported to better sales growth, despite growing cocoa and coffee prices, while its new executive director Laurent Freixe pressure in advance with the savings plan.
Freixe intended to restore faith in the job after a period of bad performance and operational accidents, resulting in the departure of his eight -year -old Mark Schneider last summer.
Nescafé and Kitkat manufacturer said the actual internal growth – the company mediator for sales – increased by 0.8 percent in 12 months until January, slightly in front of the analyst expectation.
