• Investing
  • Stock
Round Table Thoughts
  • Economy
  • Editor’s Pick
Home Investing Unilever may be considering selling its U.S. ice cream brands
Investing

Unilever may be considering selling its U.S. ice cream brands

by December 8, 2022
by December 8, 2022 0 comment
Share
0
FacebookTwitterPinterestWhatsapp

Unilever plc (LON: ULVR) is in focus on Thursday after a Bloomberg report said the multinational was considering selling its U.S. ice cream brands.

CEO Jope refrains from commenting on ‘rumour’

Such a move could be worth as much as $3.0 billion. Nothing is carved in stone, though, and the consumer goods company may very well decide against the said divestment, the anonymous sources confirmed.

Unilever’s U.S. ice cream brands include notable names like Klondike and Breyers. Reacting to the speculation on CNBC’s “Squawk on the Street”, CEO Alan Jope said:

We obviously wouldn’t comment on a rumour one way or another. But it’s true that we’ve been taking decisive action on slow growth parts of the portfolio, not just spreads and teas, but some of our slow growing brands in other parts of the world.

Unilever stock has climbed nearly 20% over the past two months.

CEO Jope’s comments on ongoing transformation

Earlier this year, Invezz reported activist Nelson Peltz to have joined Unilever as a non-executive director, following its failed attempt to buy the consumer health business of GSK plc.  

With him, the London-headquartered firm is in transformation aimed at fixing its recent lacklustre growth. CEO Jope added:

We have a clear strategy on where we’ll invest by geography, category, and channel. Nelson is very supportive of the strategy on shifting our portfolio and being focused on operational discipline.

In October, Unilever said its underlying sales in the third financial quarter were up 10.6% on a year-over-year basis.  

The post Unilever may be considering selling its U.S. ice cream brands appeared first on Invezz.

You Might Also Like
  • 2 takeaways after area PMIs hint at a brighter inflation outlook
  • Prices in France are falling, but will Eurozone inflation drop?
  • Should you buy oil given the unprecedented divergence with energy stocks?
  • Bernstein analyst reacts to TSMC boosting investment in the U.S.
Share
0
FacebookTwitterPinterestWhatsapp

previous post
Henry Clay’s “American System” Is Bad News for the American Economy
next post
Binance’s CZ among experts to teach crypto at MasterClass

You may also like

Pro: buying Peloton stock is ‘absolute nonsense’

December 23, 2022

Rent the Runway stock surged: What can go wrong?

December 9, 2022

Should I buy Deere & Company shares after the Q4...

November 24, 2022

What’s happening to the Roblox stock today?

December 15, 2022

UK financial sector has given new targets to address diversity...

December 1, 2022

Swiss Startup dua launches token sale on AllianceBlock’s Fundrs

November 25, 2022

Long Straddle Options Strategy: The Ultimate Guide

March 27, 2023

WisdomTree unveils nine new blockchain-enabled funds

December 14, 2022

The Internet Computer integration adds smart contracts to Bitcoin

December 2, 2022

Should you buy or sell the S&P 500 index after...

December 20, 2022

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • This Week’s Earnings Watch: Turnarounds and Momentum Plays

      June 23, 2025
    • The Best Five Sectors, #24

      June 23, 2025
    • Lagging Mid-cap ETF Hits its Moment of Truth

      June 23, 2025
    • US Strikes Iran: What Comes Next For Stocks?

      June 22, 2025
    • The NASDAQ 100, On The Brink Of A Breakout, Needs Help From This Group

      June 21, 2025

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese...

      June 25, 2024 3,603 views
    • 2

      Trump-era China sanctions ended by Biden may be...

      June 27, 2024 2,881 views
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as...

      August 9, 2024 2,582 views
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful...

      July 10, 2024 2,543 views
    • 5

      Harris VP pick spent years promoting research facility...

      August 29, 2024 2,422 views

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,626)

    Popular Posts

    • 1

      Biden appointee played key role in recruiting Chinese businesses to Delaware: ‘Longtime friends’

      June 25, 2024
    • 2

      Trump-era China sanctions ended by Biden may be revived under new House GOP bill

      June 27, 2024
    • 3

      Walz’s honeymoon with China gets fresh scrutiny as Harris camp blasts ‘lying’ critics

      August 9, 2024
    • 4

      Shein’s global ambitions leaves some cybersecurity experts fearful of Chinese spy threats

      July 10, 2024
    • 5

      Harris VP pick spent years promoting research facility that collaborated with ‘Chinese military company’

      August 29, 2024

    Latest News

    • This Week’s Earnings Watch: Turnarounds and Momentum Plays

      June 23, 2025
    • The Best Five Sectors, #24

      June 23, 2025
    • Lagging Mid-cap ETF Hits its Moment of Truth

      June 23, 2025

    Categories

    • Economy (7,009)
    • Editor's Pick (2,143)
    • Investing (538)
    • Stock (2,626)

    Disclaimer: RoundTableThoughts.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 RoundTableThoughts.com. All Rights Reserved.

    Round Table Thoughts
    • Investing
    • Stock
    Round Table Thoughts
    • Economy
    • Editor’s Pick

    Read alsox

    Is Micron stock a ‘buy’ despite...

    December 22, 2022

    Wise share price outlook as revenue...

    November 29, 2022

    Metacade token MCADE to list on...

    December 23, 2022
    Sign In

    Keep me signed in until I sign out

    Forgot your password?

    Password Recovery

    A new password will be emailed to you.

    Have received a new password? Login here