Updated on: March 19, 2024 / 3:04 PM EDT / CBS News Unilever's ownership of quirky ice cream maker Ben & Jerry's is coming to the end of its sometimes rocky road. The British consumer products company said Tuesday it plans to spin off the brand as well as its other ice cream businesses.
Will Ben & Jerry's split affect Unilever shares?
Shares of Unilever rose after the consumer products giant announced plans to separate Ben & Jerry’s and its other ice cream brands such as Magnum into a stand-alone business. The separation of the ice cream division is expected to affect around 7,500 jobs, mostly office-based roles.
Should Ben & Jerry's be separated from other ice cream brands?
Unilever said a "demerger" of its ice cream businesses that creates a newly listed company is the most likely route, although other options for separating Ben & Jerry's and other ice cream brands will be considered. Unilever said it's spinning off iconic ice cream brand Ben & Jerry's to focus on its other businesses.
